Commodity currencies will overcome their recent tough run and emerge as a solid, growth option as the bond market’s 30-year bull run begins to fade.
That is the view of Loomis Sayles’ Matthew Eagan, who pin-pointed Australia, New Zealand and Norway as investment grade nations which will become increasingly attractive as investors hunt out yield.
Eagan co-manages four fixed income funds on behalf of the Boston-based asset management firm.
This includes the Loomis Sayles Multisector Income fund, which has returned 35.67% in the three years to the end of May 2013. This is currently the top performing of the 140 US bond funds tracked by Citywire.