BOSTON — Take a close look at your bond portfolio, and you might be in for an unwelcome surprise. The Federal Reserve’s attempt to revive the economy by buying up government debt has left many mutual fund investors with huge stakes in Uncle Sam’s IOUs. Owning more Treasurys is sticking investors with disappointing recent returns, and in some instances losses.
Treasury bond boom leaves fund portfolios with vastly bigger stakes in Uncle Sam’s debt - And when they head for the exits???
BOSTON — Take a close look at your bond portfolio, and you might be in for an unwelcome surprise. The Federal Reserve’s attempt to revive the economy by buying up government debt has left many mutual fund investors with huge stakes in Uncle Sam’s IOUs. Owning more Treasurys is sticking investors with disappointing recent returns, and in some instances losses.