On the one hand, I've heard that they behave like equities and are considered "aggressive," unlike most bonds. On the other hand, I see that even the best junk bond funds over the last 10 years have an annualized return of 10%-12%... not that impressive."High yield" (junk) Bond funds may be considered "aggressive" when compared to other bond funds (they take on more risk by buying bonds from companies with low credit ratings), but they are not considered as aggressive as conservative stock funds.For an aggressive investor who embraces sector funds (biotech, internet, emerging markets) with a 30-year investment horizon, I just don't see a place for a high yield bond fund.
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