T. Rowe Price is getting attention for a new fund that will be able to bottom troll in the fixed income market. Monday's WSJ Fund Track column notes that the Baltimore-based fund firm is launching the Strategic Income fund at what seems to be the bottom of the cycle rather than in good times as is usually the case with new funds. Steve Huber, the fund's PM, calls the launch timing "fortuitous." Huber will invest the fund in junk bonds, loans, mortgage-backed securities and emerging markets debt.

Of course, fund firms typically bring out funds at a market peak rather than a market trough for simple demand reasons. The question for T. Rowe will be whether it will find shareholders as easily as Huber finds bargain bonds. 

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