Thanks for the ideas presented here. I'm reviewing some with a view to increase the bond component of my ira.
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""In the last couple months, it's been indiscriminate selling," says Michael Hasenstab, manager of Templeton Global Bond Fund. "If a country has good or bad debt, it's getting sold."
Templeton Global Bond fared better than most last year, finishing up 6.3%, in part because of its focus on government bonds rather than corporate bonds, which were even harder hit.
While 2008 was painful for investors, Mr. Hasenstab thinks the turmoil created bargains in places where debt was beaten down, such as Indonesia and Brazil, as well as opportunities to bet on interest-rate cuts by central banks in countries like Australia, New Zealand and Mexico.
"We're buying sovereign credits at distressed levels," he says. "Once the credit crisis ends, we expect them to return to fundamental levels," reflecting issuers' long-term financial health.""
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I'll pass on the above one, TPINX. It's a Morningstar 5 star. I'd rather take a little less quality and get higher yield for that. Fwiw, I've added a little more today to my starter amounts of FHIFX and FAGIX. |
