n*u
发帖数: 373 | 1 是不是利率一涨，bond fund都没生路？尤其是中长期的。 | r****m
发帖数: 1204 | 2 You can hedge by short long term bonds (there are such ETFs).
But generally yes, avoid long duration bonds, if you believe rates will go
up (which we all know will, soon or later). | n*u
发帖数: 373 | 3 我指的是fund manager会怎么hedge risk.
看了一下pttrx的prospectus，里面有这么一句：
The Fund may invest, without limitation, in derivative instruments, such as
options, futures contracts or swap agreements, or in mortgage- or
assetbacked
securities
避险工具还是可以用的，就看manage怎么蒙了。 | S**C
发帖数: 2964 | 4 The rule of thumb for constant duration bond funds is, if duration is N,
current yield is X, your annualized return in the next 2N-1 years is X.
【在 n*u 的大作中提到】
: 是不是利率一涨，bond fund都没生路？尤其是中长期的。
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