Evaluating Global Flexible Bond Funds

How market trends have shaped flexible bond strategies and the challenges that lie ahead.  

Global flexible bond managers who embraced corporate credit and high-yield bonds saw solid returns in 2024. Despite tight corporate credit spreads, investment-grade bonds—especially in the US—faced reduced attractiveness in selection. 
 
Additionally, as global flexible bond managers avoided large duration plays in 2024, most pivoted to relative value plays between regions and sectors. Sector dispersion is expected to persist, and opportunities arose in financials sectors versus sectors of autos and real estate.  
 
Download the report how top-rated funds adapted to 2024 economic challenges and what these strategies are facing in 2025.