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FYI: Such is the clarion call of the fund industry as it promotes what are called “unconstrained bond funds.” The managers of these portfolios aren’t fenced in by the need to mimic the holdings of market averages like the Barclays U.S. Aggregate Bond Index. Instead, they are unleashed to buy whatever seems cheap. Regards, Ted http://blogs.wsj.com/moneybeat/2015/02/06/when-bond-funds-jump-the-fence/tab/print/
