EM Fixed Income Funds Return 2.33% In Q1

Emerging market funds had the second best performance of all of the fixed-income funds tracked by Lipper in the first quarter. EM funds returned 2.33%, beating out the 1.15% and 1.09% returned by global income and international income funds. The latter, in fact, was the second worst performer of all of the 32 fund classes tracked by Lipper and the top performer was high yield, which saw a 2.61% return. The average for bond funds over the quarter was a 1.50% gain, Lipper data shows.