I was listening to a podcast of a Kiplinger financial show earlier today in which a few "experts" talked about the outlook for the economy in 2010 and how to react investment-wise. One thing mentioned, which I had previously considered, was putting a portion of one's bond allocation into an international bond fund (T. Rowe Price and, I believe, a Matthews fund were mentioned.) It was toured as a partial hedge against a falling dollar relative to foreign currencies which is what I had been thinking myself. And also because, just as with stocks, the action is more international these days.
Any experience, positive or negative, with such funds? Any ideas on what percentage of a bond allocation to allocate to international? Any particular funds anyone has had good experience with? (Vanguard doesn't have an international bond index fund which is what I would automatically gravitate toward if they did.)
Thanks. (If this has been discussed before, someone please just point me to the discussion.)
Any experience, positive or negative, with such funds? Any ideas on what percentage of a bond allocation to allocate to international? Any particular funds anyone has had good experience with? (Vanguard doesn't have an international bond index fund which is what I would automatically gravitate toward if they did.)
Thanks. (If this has been discussed before, someone please just point me to the discussion.)