Bond fund managers that cater to income-oriented investors are more often having to look outside U.S. borders to find higher yields. In Monday's WSJ FundTrack
, Michael Pollock
reports that low yields in U.S. bonds in the past decade and the advent of the most recent credit crunch have made it difficult for fund managers to give investors steady returns. These steady streams of income are becoming increasingly important as more baby boomers are starting to tap them to provide retirement income.
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