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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.
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I recently read an article about how to squeeze alpha out of a bond manager............interesting idea, not sure if it has practical applications........... 
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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