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Author: ytm One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35363  
Subject: Re: GDF - Western Assets Global Partners CE Date: 2/2/2011 11:08 AM
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jack

I concur about hindsight. That is why I never look back at performance, because past performance is no indication of the future. However this particular fund was unique because in every time frame, including a 15 year it was sporting double digit returns.

My biggest apprehension about any bund mutual fund or closed ended fund is the simple fact that PPS can only always decline or tank and/or dividends can always be lowered.

So having said that I guess I just answered my own question. I am going to stick with buying indivdual corporate bonds for now.

Incidentally Jack, do you see interest rates going up significantly (100 basis points >) in the next 18-24 months? I am really going to be curious how specific higher credit quality medium/longer term notes react to this. Should get some better yields at that point.

I have been tracking some long term Johnson & Johnson, Walmart, and Amgen notes and both have been under par for awhile because of lower coupon size, but yields are in the 5% range now. So the trade off between super high credit quality/rising interest rates/and bond premium coming down will be interesting to see.
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