Index-linked bond funds were meant to protect us from surging inflation, yet they failed their first serious test [1]. Since CPI took off at the tail end of 2021, these products have been a bitter disappointment – like waterproof trousers that leak or wasp repellent that attracts the blighters like it’s made of sex pheromones.
We’ve previously explained exactly why index-linked bond funds didn’t work [2] during the car crash markets of 2022 [3].