Two years ago, PIMCO's in-depth study of Morningstar data on global fixed- income fund returns revealed that active global bond fund managers outperformed their passive counterparts after fees as of 31 December 2020.
PIMCO has updated this research with the latest data from the past decade (2014-2023), capturing recent inflationary trends.
The data show that over 60% of active global bond funds outside the U.S. have outperformed their median passive counterparts, net of fees, over the long term. That is to say that, in the past decade, investors choosing active bond solutions had a better than 60% chance of outperforming passive alternatives.
Read more to learn what factors create a range of opportunities for skilled active managers to find value in global fixed income markets to potentially deliver returns that exceed any additional fees they may charge.
Read more on the outlook for bonds in 2025 in this exclusive Spotlight in association with PIMCO. By clicking "Read Here" below you agree to the data protection statement below.
DATA PROTECTION STATEMENT
Your privacy policy – Please read carefully
We set out below how and the basis under which we, Incisive Media*, will communicate with you. In our Privacy Policy we explain how we may use your data.
For subscriptions, events, sponsored content and resources, we will use the lawful basis of 'legitimate interests' and we will use the contact details supplied to us to market to you regarding your trial or subscription, reader research, events and other related products. You will always be offered the option to change your contact preferences. Where you request a whitepaper or content published by one of our third party partners or attend a sponsored event which Incisive Media hosts, we will identify the third party or sponsors to you at the time and then pass on your contact details to them. They will contact you directly and their use of your data will be governed by their own privacy policy. Events may attract additional sponsors after bookings have opened and after the date you have signed up to attend, but we will identify all sponsors to you by email before the event.
