MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 8, 2013 WSJ: It's The Rise of The NonTraditional Bond Fund Believe it or not, some bond fund managers have been eagerly awaiting the volatile bond market, and William Eigen of JP Morgan[profile] Strategic Income Opportunities Fund is one of them, the WSJ's Tom Lauricella reported. Eigen is one of many nontraditional, bond fund managers who searches internationally for bonds with rising prices—and these funds can bet that bond prices will fall, unlike traditional bond funds. Until recently, the vanilla bond fund did well, gaining 4.3 percent a year over the three years through June. Nontraditional funds gained 2.7 percent during the same period. These relatively new and increasingly popular funds are doing better but on average, still returned a negative 0.5 percent. That doesn't stop Eigen from turning bearish on U.S. bonds, saying that taking advantage of the selloff is akin to "picking up nickels in front of a steam roller." To read more, clickhere Printed from: MFWire.com/story.asp?s=44762 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |