Hi Guys, an individual bond owner can choose to make his own decisions, a bond fund owner doesn't have that luxury Can be good, can be bad. The 'fund owner' can hire the likes of Bill Gross!If the fund has a billion dollars and people redeem half of that, the fund manager MUST sell half the holdings right then, regardless of market conditions. This obviously doesn't apply to closed-end funds. Also, like the CEF, one can purchase the ETF versions, and avoid the 'forced sale' of the MF. Especially an 'active ETF' like Pimco's (BOND), which is managed by Bill Gross. rk
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