Hi Mike, ....been on vacation. ..... DSU looks like a high yield fund.
It was created by MERRILL LYNCH ASSET MANAGEMENT, and they look like they manage it.
here are a couple of the high yield bonds they have bought this year
TRADE DATE DESCRIPTION OF SECURITY AMOUNT ISSUE SIZE MEMBER OF UNDERWRITING SYNDICATE FROM WHOM
PURCHASED FUND PURCHASED
01/15/01 Charter Communications 11.125% $2,000,000. $2,075,000,000. Morgan Stanley
01/05/11
01/19/01 Nextel communications 9.50% $12,000,000. $1,250,000,000. Goldman Sachs
The telco debt situation is so fluid, and the prices have moved so much the past 6 months, that you'd really
need a high yield bond expert like Michael Cahill
Message 15792070
to go through there holdings, No question there are risks, and some of the smartest telco CEO's have really
misjudged their telco buildout strategies. Expecially how to generate cash flow to pay the bills.
How are we going to know more than a bernie ebbers of WCOM. So there are certainly risks.
How did you come across DSU?
John |
