No. of Recommendations: 4
Powershares announced some new fixed-income ETFs, and one seems to be the sort of bond fund that even bond fund haters would like.

Not really. It is impossible for a bond fund to avoide interest rate risk and duplicate what laddering individual bonds can do. If the average prevailing yield at the times you purchase shares in the fund is below the average yield when you sell shares, you will sustain a capital loss.
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