Morningstar continued to roll out the nominees for its 2012 Managers of the Year on Monday with the release of its fixed-income award hopefuls.
The latest announcement followed the domestic-stock fund category last Thursday and the international-stock fund category on Friday.
“In 2012, the bond-market spoils generally have gone to managers who were willing to take risk, particularly credit and non-dollar risk,” wrote Miriam Sjoblom, an associate director of fund analysis at Morningstar, when announcing the names. “High-yield and emerging-market bond benchmarks have returned between 13% and 18% so far this year, for instance. Meanwhile, a host of currencies in Asia, Latin America, and Eastern Europe appreciated against the greenback.”