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Non-Tech : Money Managers after the Perfect Storm -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (42)3/10/2002 9:59:39 PM
From: Tom D  Read Replies (1) | Respond to of 46
 
Those are the bond funds that I am in.

The load is <1% because of the quantity purchased. The Morningstar ratings for bond funds are problematic because they reflect historical performance over the previous five years, and the performance of particular types of bonds fluctuates dramatically with economic cycles. The strategy involved in the purchase of these corporate bond funds is forward looking, not based on historical performance. It is likely that we will sell the holdings in these bond funds in about 18 months, as the economic expansion picks up and interest rates begin to rise to cool it off.

Tom