Indeed they are! As per some of the global fixed income research from firms such as Vanguard.Interesting concept. Are the bonds hedged?
https://www.vanguard.co.uk/content/dam/ ... en-pro.pdf
We tested the empirical reality across five markets: the United States, Canada, the United Kingdom, the euro area and Australia. In each market, reality confirms theory – but with a critical qualifier: The key to realising the diversification potential of global bonds is to hedge the currency exposure back to the investor’s local currency.
Statistics: Posted by JustPete — Fri Jul 12, 2024 5:47 am