North America Bond

North America bond mutual funds and ETFs invest the majority of their... North America bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of North American countries. These funds can be actively or passively managed and may seek to track or outperform a particular benchmark. They may hedge foreign currency risk, or elect to leave themselves exposed to fluctuations in other nations’ currencies. Depending on their mandate, a North America Bond Mutual Fund or ETF may focus on investment-grade bonds, high-yield (a.k.a. junk bonds), or a mix of credit quality. Governments are the largest issuers, by far, of bonds in North America. Of note, the U.S. federal government has outstanding debt as of 2024 of over US$34 trillion. Investors purchase North America bond mutual funds and ETFs to get both capital growth and income. These funds can vary significantly in terms of risk. A fund that exclusively invests in the Developed Markets of Canada and the U.S. is likely to be more conservative than a fund that only invests in Mexico, for example. Last Updated: 12/26/2024 View more View less

North America bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of North American countries. These funds can be actively or passively managed and may seek... North America bond mutual funds and ETFs invest the majority of their assets in government and corporate debt of North American countries. These funds can be actively or passively managed and may seek to track or outperform a particular benchmark. They may hedge foreign currency risk, or elect to leave themselves exposed to fluctuations in other nations’ currencies. Depending on their mandate, a North America Bond Mutual Fund or ETF may focus on investment-grade bonds, high-yield (a.k.a. junk bonds), or a mix of credit quality. Governments are the largest issuers, by far, of bonds in North America. Of note, the U.S. federal government has outstanding debt as of 2024 of over US$34 trillion. Investors purchase North America bond mutual funds and ETFs to get both capital growth and income. These funds can vary significantly in terms of risk. A fund that exclusively invests in the Developed Markets of Canada and the U.S. is likely to be more conservative than a fund that only invests in Mexico, for example. Last Updated: 12/26/2024 View more View less