This morning the WSJ's
Daisey Maxey picks up on what could be an interesting trend. While bond fund buyers are fleeing intermediate bond fund in the face of the worst bond market in twenty years, they are still sticking with bonds in general.
It turns out that "go-anywhere" bond funds are still capturing flows.
The 20 unconstrained bond funds tracked by Morningstar
captured $4.9 billion during June. In the first half of 2013, those funds had total inflows of $20.8 billion, Maxey reports. Intermediate term bond funds did not fare as well as investors pulled out $24 billion in June.
Among the winners highlighted by Maxey were Goldman Sachs[profile] Strategic Income
fund and Driehaus' Active Income Fund
To read more, click here
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