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EGRIX imo is much riskier than a plain vanilla bond fund due to it's strategy -- long/short, lotsa macro calls, frontier market holdings, FX risk, etc..
It has performed really well with an amazingly low SD with the falling dollar as a tailwind. But that outperformance go forward isn’t pre-ordained. I am a happy holder with a single digit position.
I don't invest based on the future, only based on what works lately. When market conditions change, I change my funds. In 2022, BND and many "safe" bond funds were pretty bad. In the last 15 years, the super safe fund BND made just 2.2% annually which is a dismal performance. I never diversified. EGRIX did well in the last 5 years regardless of the dollar.
EGRIX imo is much riskier than a plain vanilla bond fund due to it's strategy -- long/short, lotsa macro calls, frontier market holdings, FX risk, etc..
It has performed really well with an amazingly low SD with the falling dollar as a tailwind. But that outperformance go forward isn’t pre-ordained. I am a happy holder with a single digit position.
I don't invest based on the future, only based on what works lately. When market conditions change, I change my funds. In 2022, BND and many "safe" bond funds were pretty bad. In the last 15 years, the super safe fund BND made just 2.2% annually which is a dismal performance. I never diversified. EGRIX did well in the last 5 years regardless of the dollar.
What is your point on EGRIX. More ancient history. As recently as this year you said on the other board it wasn’t a fund “for a conservative investor like me”.
@FD1000-Hey there, FD- there's an unanswered question for you over in the Off-Topic section. Lots of folks waiting to hear from you on that. If you can post here, why not over there?
Comments
When market conditions change, I change my funds.
In 2022, BND and many "safe" bond funds were pretty bad.
In the last 15 years, the super safe fund BND made just 2.2% annually which is a dismal performance.
I never diversified.
EGRIX did well in the last 5 years regardless of the dollar.
You are describing classic performance chasing. But to each their own.