Tuesday, August 25, 2015

Unconstrained Bond Funds Stress Tested (Sorry Bill)

Considering the Unconstrained Bond Fund area or the "Non-Traditional" Bond fund area is a pretty recent development, many of the funds did not exist in 2008. I thought it would be interesting to see who made it through the recent 3 trading day manic selloff the best and the worst (8/20-8/24). This screen includes all funds in the Non-Traditional Bond Morningstar category.

First lets take a look at the worst. You may spot somebody from old Pimco fame....

THE WORST
Bill's fund is the only one on that list with decent assets, as the next biggest fund (Parametric Absolute Return) is barely 30mil. Might want to tone that risk down Bill. And for the best?

THE BEST

As for comparison, the Barclays Agg was up 0.41%, which would have given it the 5th spot. The Non-Traditional Bond category average was -0.78%.