 Quote:
|
Originally Posted by saluki9
I don't know about that. Don't tell investors in Vanguard's total bond market index who got clipped 1%+ by the manager's loading up on Worldcom bonds at exactly the wrong time.
The sampling methods used in equity indexing are much different than those used in Fixed Income indexing (Brewer I know you know this already) and a lot more flexibility is left to the portfolio manager, not always with good results.
|
Yeah, its a problem that has no obvious solution. I suppose that you could always just stick with individual treasury bonds.
__________________
"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
|