Home Money Investment Here's an investment bucking the carnage in stocks and bonds

Here's an investment bucking the carnage in stocks and bonds

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Go-anywhere funds come with vulnerabilities, said Eric Jacobson, a Morningstar analyst. At the end of last year, the funds had 34% of their money in bonds rated below investment grade, roughly eight times as much high-yield debt as intermediate funds held. High-yield prices sank Friday along with stocks and other bonds.

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