Our Privacy Statment & Cookie Policy

All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

April 17, 2024

Short-Duration: Key Driver In Fixed Income Q1 Performance

by Jack Fischer.

U.S. Federal Reserve Chair Jerome Powell speaks at the 2024 Business, Government & Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.

Fixed income funds realized a return of positive 0.50% on average during the first quarter of 2024, marking their second straight quarterly gain and fifth plus-side quarterly return in their last six. Taxable bond funds (+0.58%) outperformed tax-exempt bond funds (+0.27%) for the fourth time in five quarters.

In this fixed income fund market segment, I provide a market recap plus highlight quarterly performance, flows, and trends for conventional mutual funds and ETFs.

Summary:

  • Actively managed fixed income funds (+0.54%) outperformed their passive (-0.04%) counterparts.
  • Thirty of the 51 Lipper fixed income classifications ended the first quarter with gains—all 51 posted a plus-side return in Q4.
  • The top-performing Lipper classifications in Q1 were Flexible Income Funds (+3.37%), Loan Participation Funds (+2.29%), and Emerging Markets Hard Currency Debt Funds (+1.94%).
  • General U.S. Treasury Funds (-1.80%), General U.S. Government Funds (-1.31%), and Emerging Markets Local Currency Debt Funds (-1.03%) closed the quarter as the worst-performing classifications.
  • Fixed income investors were net buyers of fund assets for the quarter, adding $177.4 billion—marking the largest quarterly intake since Q1 2021 and thethe fifth straight quarterly inflow.

Click here or the Download Full Report link in the upper right-hand column of this page to access the First Quarter 2024 Fixed Income FundMarket Insight Report: Short-Duration: Key Driver in Fixed Income Q1 Performance.

You can also view the Q1 Equity FMIR, which shows equity mutual funds and ETFs celebrated their fifth quarterly gain (+6.92%)  in six, while posting its second straight quarterly plus-side return.

Related Reports

In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s Global Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s US Mutual Funds & Exchange-Traded Products ...

In this issue of LSEG Lipper’s Swiss Mutual Funds & Exchange-Traded Products ...

We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.x