有一个FUND, PMX, 盯了很久, 但一直没有出手.
7%的分红, tax free, 很不错了.
以前想过直接买BOND, 但觉得很难交易, 特别是大风浪来的时候, 想出手都难, 最后决定还是跟踪一些FUND. 虽然这些FUND的费用比ETF高很多, 1.5%, 感觉还是值得的.
AAA, AA能有7%的yield, 除了以前的MBS(toxic asset), 还真没有见过. 象PMX这样的FUND, 还是靠了40%+多的杠杆, 才勉强发7%. 以后借钱难了, 回报可能会更低.
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.