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Subject:  Re: Where are rates going? Date:  8/19/2001  5:16 PM
Author:  elambeth Number:  1995 of 36623

Fund managers have the nearly insurmountable handicap of having to put money to work at the worst time and must make redemptions on demand. That's what kills their performance and makes them so easy to beat.

It occurs to me that a bond ETF would handily surmount these obstacles. I wonder, are there any such things?

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