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But longer-term Treasuries and good quality corporate bonds also did well.
Municipals, Prime Mortgages and higher quality Corporate credit would be where we would be overweight currently.
High quality consumer loans, high quality mortgages, high quality corporate loans.
But Treasuries were outdone by higher quality corporate bonds, which investors bought for their relative safety and higher yields.
The second crosscurrent, he said, involves fears about credit quality, corporate defaults and accounting along with "the ever-present fear of terrorist threats".
Two factors set the fund apart, Mr. Jacobson said: Mr. Volpert's ability to select quality corporate bonds within the constraints of index investing, and the fund's low expenses.
Similar(40)
Now they're bearish on the notion that low-quality corporations can borrow, thinking that a low-quality corporate borrower is risky.
The bond portion of the portfolio is invested mostly in Treasury bonds with small stakes in high-quality corporate and mortgage-backed bonds.
Holdings include a mix of high-quality corporate, government and asset- and mortgage-backed bonds.
The lack of faith in lower-quality corporate bonds is even more apparent.
He called stocks and high-quality corporate bonds "two glaring opportunities to ride out the storm".
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CEO of Professional Science Editing for Scientists @ prosciediting.com