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I Just Sold 2 Bond Funds. WCPNX and OSTRX. Im Looking For a Low Risk Fund To Invest This Money In, Or Would I be Better Off Just Buying a Short Duration Bond Fund. Im Looking For Saftey Of Principle, s
My major remaining bond holding is GIBLX, keeping as a ballast holding. It is rate sensitive, with its high quality bonds. I have a smaller long term position in PIMIX, and considering selling to reduce risk and adding to the alt bucket.
Best of luck,
But HMEZX has been a solid "steady eddy" performer. Returns are bond-like, and it has outperformed other merger-arb funds. If not for that 1 red flag, I would own a lot more.
Another interesting vehicle is HRSTX, which converted a few years back to an options-based fund. Very steady, with great performance during negative market periods since its 2018 conversion.