Higher interest rates mean lower bond fund prices, right? Not so fast, according to Wall Street,...

|By:, SA News Editor

Higher interest rates mean lower bond fund prices, right? Not so fast, according to Wall Street, as a host of firms offer strategic long/short bond funds designed to go up in value as rates increase. Portfolio managers say the funds offer bond holders a hedge for higher rates, but also concede the funds are not money markets, and can lose value.