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Guess Who's Picking Up The Cash That's Flowed Out of Pimco

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  • David_Snowball
    Pssst ... it's BlackRock and Goldman Sachs, particularly their "strategic income" funds (BASIX and GSZAX). Goldman seems the one least likely to give you a good night's sleep, which raises interesting philosophical questions about the role of fixed-income investments in your portfolio. At base, do you want fixed-income primarily as a beta-management tool or an alpha-generating one? (Saying "both" is a bit disingenuous.)

    David
  • TedTed
    Reply to @David_Snowball: In the Nontraditional Bond Fund Category, both BASIX & GSZAX had excellent 2013's when you consider the average fund in this category had only a little over 0.10% positive return. BASIX 2.85% & GSZAX 5.24%. If you can't stand the heat, get out of the kitchen.
    Regards,
    Ted
    http://news.morningstar.com/fund-category-returns/nontraditional-bond/$FOCA$NT.aspx
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