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FYI: It wasn’t that long ago that many were calling an end to the out-performance that has persisted for years in the Vanguard Wellesley Income Fund (VWIAX[1]) in light of rising interest rate concerns. After all, how could a fund shackled by a prospectus rule to hold an abundance of fixed-income ever outperform high yield strategies near the low end of an interest rate cycle? It just goes to show that there is no replacement for common sense asset management during a difficult year in the market. As a result of their expertise, the $40 billion juggernaut VWIAX was recently named Morningstar’s Top Allocation fund for 2015[2]. Regards, Ted http://investorplace.com/2016/01/vanguard-wellesley-income-fund-shines-on/print
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