In today's WSJ FundTrack
, Michael Pollock examines the pitfalls of investing in ultrashort bond funds. Pollock reports that investors seeking higher yields by investing in these vehicles were shocked when many of them proved vulnerable to the credit market problems. According to AMG Data Services
, from early July through late September, assets in ultrashort funds plummeted by about $6.8 billion, or 25 percent.
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