Fixed income global bond funds show inconsistency relative to peers

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absolute fund rankings show high volatility for all but there is still a substantial gap between the best and worst funds

Fixed income global bond funds have gone through a very volatile period over the past five years, buffeted by global uncertainties such as the Russian crisis and the US recession. The most noticeable thing about this time period is that very few funds managed to sustain any kind of consistency - their position relative to one another in the rankings is so volatile that it is difficult to tell from the graphs which funds have been the best performers over all. Despite this bouncing up and down the ranks, there has been a substantial difference in performance between the top and bottom...

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