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Fidelity Turns Its Nose Up At Unconstrained Bond Funds
FYI: Nontraditional bond funds could be the hottest investment product of the year, having grown faster than any other fixed-income category tracked by Morningstar Inc. The category, which includes the popular benchmark-agnostic bond funds sometimes called “go-anywhere funds,” has grown by $43 billion over the 12-month period ended July 31. That compares with intermediate-term bonds, a core holding for many investors, which have lost $28 billion. Regards, Ted http://www.investmentnews.com/article/20140819/FREE/140819917?template=printart
I was an early investor in PIMCO Unconstrained Bond. Who could go wrong with Mohamed, right? I did. Mohamed is a brilliant man who seemingly couldn't apply his knowledge to portfolio management. He's probably best off in an academic/think tank setting.
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