That's left a lot of
junk bond fund managers with plenty of exposure to the energy sector at a time when oil prices have crashed and defaults, particularly among fracking companies, are rising.
Not exact matches
Pension
fund managers played a large role in the
junk bonding of industry in the 1980s.
@Jerry, I agree that today the main risk in
bonds is duration risk (AKA interest - rate risk)-- last weekend's Barron's has an interview with the UBS Wealth Management top
managers pointing out this means convincing investors to switch from Treasuries and investment - grade corporates to well - selected
junk (HYLD is a jewel there — DO N'T go for index
funds in
bonds, very differently from ones in stocks they make no sense... where's the sense in wanting to lend more to companies which are more indebted?!
Personally, I don't think Gundlach makes his money that way for his
funds, but in case he does, how should a good
bond manager view
junk bonds?
Loomis Sayles
Bond Fund (LSBRX, 3.3 %) isn't technically a junk - bond fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
Bond Fund (LSBRX, 3.3 %) isn't technically a junk - bond fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
Fund (LSBRX, 3.3 %) isn't technically a
junk -
bond fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
bond fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
fund, but longtime
manager Dan Fuss has excelled as a
bond picker, particularly in high - yield iss
bond picker, particularly in high - yield issues.
Because
managers Dan Fuss and Kathleen Gaffney typically own a large helping of high - yield, or
junk,
bonds (those rated double - B or lower), as well as
bonds from developing nations, the
fund took a hit when investors bailed out of anything smacking of risk during the financial crisis and rushed into Treasuries.