Did individual index-linked gilts hedge post-pandemic inflation?

Did individual index-linked gilts hedge post-pandemic inflation?

The failure of index-linked bond funds to perform post-Covid has really been bothering me. What’s the point of these things if they don’t actually protect you from inflation? Meanwhile, individual index-linked gilts – correctly used – are meant to be a proper inflation hedge. But is that true? Can we empirically prove individual linkers1 worked when inflation let rip? First, some context. Our favoured linker fund holding at House Monevator prior…