Long and euro-based bonds perform

Global bond funds that have performed well throughout the year took an active approach to choosing positions ' the portfolios typically had long durations and invested in euros. The Mellon Global Bond fund was ranked number two for the year in the global bond sector. The fund had a positive return over the year of 12.24%. Stewart Cowley, a director of investment management fixed income at Mellon, says that, unlike some of his competitors, he has been positive on the bond market for the majority of the year. Other managers did not have a positive outlook on the markets and focused their...