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"Today government bonds should come with a warning about interest rate risk," a university fund...

"Today government bonds should come with a warning about interest rate risk," a university fund manager tells FT, which says many university endowments have slashed their U.S. Treasury (TLT, TBT) holdings from as high as 30% of AUM during the crisis to as low as zero currently ("everyone" has less than 5%, one manager claims). Holding fast to larger allocations may require a fleetness of foot going forward in order to avoid capital losses if (or when) rates rise, a style of investing not suited to endowment managers.
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Comments (1)
  • Stanley J G Crouch
    , contributor
    Comments (2080) | Send Message
     
    When shouldn't bonds come with a warning label?
    9 May 2013, 08:35 AM Reply Like
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