audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Yes, this is true. I know it is a multi-sector bond fund. Nevertheless I have owned it for many years and it seems to often "behave" like an emerging debt bond fund even though it is a relatively small percent of the allocation. Can't explain it - other than EM debt is super volatile.Meanwhile, FSICX has outperformed over both 10 and 5 year periods. But it's not really a FX fund. "The fund uses a neutral mix of approximately 40% high yield, 30% U.S. Government and investment-grade, 15% emerging markets, and 15% foreign developed markets."
Perhaps its outperformance over long periods has to do with regular rebalancing between the different bond asset classes?
Audrey