Interest Rates Go Brrr: Mutual Funds Scramble for Cover
Key Points
- Bond funds are becoming popular as investors chase yields am...
Money doesn't grow on trees anymore - it's actually withering on the vine as interest rates keep climbing! The mutual fund industry is having what we'll politely call an "adjustment period" as central banks worldwide keep turning up the heat on inflation.
Bond Funds: The New Cool Kids on the Block
Remember when bonds were boring? Well, Pimco Income and Dodge & Cox Income are now the equivalent of rockstars, with groupies throwing $24 billion and $16 billion at them respectively over the past year. Though getting too popular might be their downfall - these funds are starting to look like a...
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