OLD MUTUAL BOND FUND
backdrop caused longer-dated bond yields to increase relative to shorter-dated bond yields. As a result, the JSE All Bond Index (ALBI) delivered a 0.7% return over this period, well short of the cash return of 1.6%. The fund underperformed the benchmark by 0.9% on a net-of-fee basis for the 12-month period ending September 2019. This was mainly ................
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