Generally, mutual fund companies aren't in the business of turning away people who want to give them money.
(That was today's lesson in the obvious.)
And yet that's exactly what two big fund shops, T. Rowe Price
] and Vanguard
], both began doing earlier this year with potential investors looking to buy into junk bond funds, according to an AP report.
"It's getting harder and harder to find places to invest," Michael Gitlin
, director of fixed-income at T. Rowe, told the AP
The somewhat lengthy article goes into more detail about what exactly has gone on with junk bonds, and why more and more investors are turning to them. Read it .
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