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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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"..owning T-Bonds via a mutual fund doesn't make any sense at all (at least in a taxable account)!"

00BY
in The Bullpen
I've extracted the quote from the below linked article. Wesley Gray argues that T-bonds should be invested in via ETF's or futures because of the tax benefits. This strikes me as a rather bold statement, but it is taken out of context. I would agree if there were two pre-conditions: in today's market environment and when basing the decision on reducing taxes. Otherwise, risk reduction or active manger flexibility could lead one to choose a mutual fund format.
Enjoy,
BY


Tax-Efficient Investing: How Should We Invest in Treasury Bonds?
Wesley R. Gray, Ph.D. 04/06/2015 11:28

http://www.alphaarchitect.com/blog/2015/04/06/tax-efficient-investing-how-should-we-invest-in-treasury-bonds/#.VSurti4ggQM
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