Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
This year has seen a reversal of what occurred in the foreign bond arena last year. In 2011, funds that held foreign bonds in dollars did well, especially when the spooks hit the fan in the third quarter. This year to-date, non-dollar bonds are outperforming dollar bonds by a huge margin. If the trend has legs, it may be prudent to consider having some dollars in a non-dollar fund, or at least one that has historically done both.
We look to Michael Hasenstab and Sam Finkelstein for our non-dollar exposure. Both have extensive experience.
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We look to Michael Hasenstab and Sam Finkelstein for our non-dollar exposure. Both have extensive experience.