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It's curious though that they titled the article to say that these funds had "nowhere to go", when in fact the article's main point is that these fund managers were simply moving into a lot of less traditional investments. This seems to make the case that it's prudent to make funds like these as your core holdings, rather than relying on traditional balanced funds and such which have far less allocation flexibility.
Who would have ever thought that we'd see the day when conservative fund managers were identifying convertibles and emerging market bonds as being much safer investments than Treasurys!
Comments
It's curious though that they titled the article to say that these funds had "nowhere to go", when in fact the article's main point is that these fund managers were simply moving into a lot of less traditional investments. This seems to make the case that it's prudent to make funds like these as your core holdings, rather than relying on traditional balanced funds and such which have far less allocation flexibility.
Who would have ever thought that we'd see the day when conservative fund managers were identifying convertibles and emerging market bonds as being much safer investments than Treasurys!