Nomura global bond fund lags benchmark in first quarter

The Nomura Global Bond Fund underperformed its benchmark during the first quarter of 2026 amid geopolitical tensions and energy market swings.

Institutional shares of the fund trailed the Bloomberg Global Aggregate Bond Index, hedged to USD, after fees, according to the quarterly commentary released on May 11, 2026. Markets declined in an orderly fashion following the outbreak of conflict involving Iran, with no signs of panic selling.

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Illustration depicting worried traders on Argentina's stock exchange amid rising country risk and global market volatility.
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Argentina's country risk rises to 549 basis points amid global market caution

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Argentina's country risk index, measured by JP Morgan, closed at 549 basis points on Thursday, April 23, 2026, up 14 units. Local markets fell in line with Wall Street volatility and US-Iran geopolitical tensions. Sovereign bonds dropped an average of 0.7%.

The BNY Mellon Small Cap Value Fund underperformed its benchmark during the first quarter of 2026.

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Institutional shares of the Columbia Overseas Value Fund posted a 3.45 percent return for the first quarter of 2026, outperforming its benchmark amid sharp moves in energy markets.

Greenlight Capital's funds delivered a 6.5% return in the first quarter of 2026, net of fees and expenses, outperforming the S&P 500's decline of 4.4%. The hedge fund cited gains from gold, healthcare, shipping, and energy stocks amid uncertainty from the war in Iran. Managers emphasized capital preservation given limited downside priced into markets.

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The Calamos International Growth Fund returned 2.79 percent for the quarter ended March 31, 2026.

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