Furthermore, Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the almost three-decade bond market rally may be drawing to a close.
We have avoided treasuries for some time now. The floating rate mutual funds we are currently invested in are designed to preserve capital in a rising interest rate environment. I will watch them closely to make sure they continue to perform as expected. Additionally, our high yield bond funds are more influenced by an improving economy and stock market and less influenced by a rising interest rate environment.
No comments:
Post a Comment