Red_y
Recycles dryer sheets
- Joined
- Aug 19, 2004
- Messages
- 77
ytd 44%, 12 month performance 55%, sounds like a good way to buy High to me, particularly since it is a bond fund and interest rates are at historic lows. (although I don't have a clue what the interest rates have been doing in the emerging markets the fund invests in, I would guess they have been falling for the fund to have done so well in this last year).
Agree on the 'buy high' comment, but I believe the stellar performance is more tied to the falling US dollar. FNMIX doesn't hedge currency exposure.