Active Managers’ Outperformance in Brazilian Bond Funds – Skill or Price Distortion?
July 22, 2020 at 22:36 PM EDT
Despite the positive results in the short term, fund performance worsened over longer horizons, as 84.8%, 92.0%, and 95.8% of Brazil Corporate Bond Fund managers underperformed the benchmark over the 3-, 5-, and 10-year periods, respectively.
