10 best-performing fixed-income funds in Q3
While stocks raced ahead in the third quarter, bonds put in a less impressive performance. Fixed-income securities are overshadowed by rising rates, with the Federal Reserve’s 25-basis-point rate hike last Wednesday its eighth such move since 2015. On the other hand, inflation remains contained.
Here are the 10 bond funds that posted the strongest returns during the third quarter, based on data from Morningstar Inc.
Correction: This slideshow was revised to eliminate the Great-West Multi-Sector Bond from the top position after the company said it had reported incorrect performance data for the third quarter to Morningstar.