Other
Non-US Bonds
Hedging Foreign Currency Exposure Lessens Diversification of Non-US Bonds
We believe foreign bond exposure does not add diversification value. When hedged back to US dollars, non-US bonds have historically been highly correlated to the Bloomberg US Aggregate Bond Index. Therefore, inclusion in the Agg arguably delivers domestic and foreign coverage.
- Bloomberg Global Aggregate ex-US Index
- Bloomberg US Aggregate Bond Index
Cumulative Returns, Growth of $10,000
