FYI: Unconstrained bond funds have a reputation for being risky and imprudent, at least in some corners. After all, the funds are unconstrained – it’s right there in the name. But with interest rates at historic lows and widely expected to begin rising soon, holding a long-only traditional fixed-income portfolio may be the truly imprudent strategy. In light of this, Prudential Investments – a well-established firm with “prudent” right in its name – launched an unconstrained bond fund of its own on July 9: The aptly titled Prudential Unconstrained Bond Fund (ticker: PUCAX).
Regards,
Ted
http://dailyalts.com/prudential-launches-unconstrained-bond-fund/
