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Yes, it is called currency risk. Now that can be hedged to some extent but that adds cost. Is the diversity worth the risk and cost? Probably not. TANSTAAFL.
Caveat - I would consider it if I lived, or planned to live, outside the US.
Yes, it is called currency risk. Now that can be hedged to some extent but that adds cost. Is the diversity worth the risk and cost? Probably not. TANSTAAFL.
Caveat - I would consider it if I lived, or planned to live, outside the US.
DD
Good point. Don't know why I didn't think of that...
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Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
You might consider Pimco's Total Return fund (PTTRX). Gross's has been looking for "safe spreads" both in the US and outside the US. I'm sure he's removed the currency risk factor to a good extent.
I would go with a fund like GIM if it were selling at a discount.
This is the CEF equivalent of Templeton Global Bond (TGBAX) and a very good way to add international bonds to your portfolio. I would not buy individual international bonds unless you've done a lot of research.