有一個FUND, PMX, 盯了很久, 但一直沒有出手.
7%的分紅, tax free, 很不錯了.
以前想過直接買BOND, 但覺得很難交易, 特別是大風浪來的時候, 想出手都難, 最後決定還是跟蹤一些FUND. 雖然這些FUND的費用比ETF高很多, 1.5%, 感覺還是值得的.
AAA, AA能有7%的yield, 除了以前的MBS(toxic asset), 還真沒有見過. 象PMX這樣的FUND, 還是靠了40%+多的杠杆, 才勉強發7%. 以後借錢難了, 回報可能會更低.
Disclosure: I have not invested in this particular fund yet. I do have positions in other PIMCO high yield funds. These funds have all suffered great loss in '08. The risk is indeed fairly high.