Vanguard's Emerging Markets Bond fund (VEMBX) is a "hidden gem" and Vanguard's best foreign bond fund, according to Jeff DeMaso, founder and editor of the newsletter "The Independent Vanguard Adviser."
"It's a well-run emerging markets bond fund that has topped its index (and the Morningstar peer group)," DeMaso said.
The actively managed fund was up 43% from April 2016 through May 2023, compared with an 11% return for Vanguard's Emerging Markets Government Bond Index Fund (VGAVX) during the same time frame, according to DeMaso's calculations.
The VGAVX seeks to track the performance of the Bloomberg USD Emerging Markets Government RIC Capped Index.
Not only does VEMBX fly under the radar, but it has a stellar portfolio manager in Daniel Shaykevich, DeMaso said.
Persons:
Jeff DeMaso, Morningstar, DeMaso, Daniel Shaykevich, Shaykevich
Organizations:
Vanguard's, Independent Vanguard, SEC, Morningstar, Vanguard's Emerging, Government, Index, Bloomberg, Markets Government RIC, Vanguard, BlackRock
Locations:
United States, Peru, Saudi Arabia, Columbia, Persian, Saharan Africa