Scott Burns mentioned the other day that the
American Century International Bond Fund has
a pretty good track record and is unhedged
against the US dollar. He suggests that it
might be a way to hedge against continuing
fall of the dollar and rising inflation.
It is a high quality, intermediated term fund
that is pretty volatile in US dollars.
I am thinking about reducing my International
stock exposure (which also hedges against the
dollar) and buying the above fund.
Specifically, my "coffeehouse" IRA has 7 stock
funds with equal allocation. Two of those funds
are Total International and International Explorer.
I am considering substituting the international
bond fund for the Total International Stock Fund.
What do you think? Is this a good idea? Do
you think this would increase or decrease the
overall risk of my portfolio? Is is likely to provide
any extra total return?
Thanks for your comments.
Cheers,
Charlie
American Century International Bond Fund has
a pretty good track record and is unhedged
against the US dollar. He suggests that it
might be a way to hedge against continuing
fall of the dollar and rising inflation.
It is a high quality, intermediated term fund
that is pretty volatile in US dollars.
I am thinking about reducing my International
stock exposure (which also hedges against the
dollar) and buying the above fund.
Specifically, my "coffeehouse" IRA has 7 stock
funds with equal allocation. Two of those funds
are Total International and International Explorer.
I am considering substituting the international
bond fund for the Total International Stock Fund.
What do you think? Is this a good idea? Do
you think this would increase or decrease the
overall risk of my portfolio? Is is likely to provide
any extra total return?
Thanks for your comments.
Cheers,
Charlie