The fixed interest global bond sector performed better than its Australian counterpart in 2019, but over a larger time-frame the difference remains negligible, according to data.
FE Analytics data has showed that within the Australian Core Strategies universe the global bond sector returned 7.26%, followed by Australia/global bond (6.31%), Australian bond (5.79%) and global strategic bond (4.29%) over the year to 31 December, 2019.
Although the Australia/global bond sector performed in between the individual global and Australian bond sectors, this does not trend over a longer time scale.
Annualised returns over the three years to 31 December, 2019, the sector returned less than the individual global and Australia bond sectors, however over 10 years annualised, it outperformed them.
Annualised returns for ACS fixed interest Australian and global bond sectors