Last year active bond fund managers did good.
Most active managers of U.S. government bond mutual funds performed unusually well relative to benchmarks in 2012, according to IndexUniverse
. The managers did particularly well on the shorter end of the yield curve.
Writer Cinthia Murphy cites the Standard & Poor's Indices Versus Active Funds Scorecard
, or SPIVA, for the 12 months ended Dec. 31, 2012 showed that 70 percent of active managers in intermediate government bond mutual funds outperformed the Barclays Intermediate Government Bond Index in 2012, earning, on average, 4.02 percent compared with the index's 1.72 percent performance in the 12-month period.
Read more of Murphy's analysis in IndexUniverse
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