Russel Kinnel Quotes
[Among bond funds, portfolios heavy on high yield did an about-face, with the average fund in this group up 5.4 percent in the quarter.] Last year people got panicky about corporate debt because of Enron and WorldCom... The spread (between government and corporate bonds) got too big and the market reversed. 
Tweet
Bond | Funds | Portfolios | Heavy | High |
comments powered by Disqus
A tax-managed fund is simply a fund who's goal it is to maximize after-tax returns, whereas most funds are focused on pretax returns... I think the one thing that probably all of them have is the idea of selling losers to offset gains. If you've just realized profits on one stock you'll sell a few dogs.
- Russel Kinnel
