Around 100 U.S. bond funds have at least 1 percent of their assets in the debt-troubled countries of Greece, Portugal, Ireland and Spain, according
to The Wall Street Journal
Tuesday's Fund Track
column also noted that about 12 bond funds have 5 percent or more assets in the four economically insecure nations, including the $1.8 billion American Century International Bond Fund
, which has 10 percent of its assets in Spanish, Portuguese and Irish debt. The fund's co-manager, Federico Garcia Zamora
, even told The Journal that he's looking to purchase Greek bonds on the cheap.
Total Return Fund recently increased its international bond exposer from 9 percent to 20 percent, although it's too early to discern investments in particular countries.
The article also mentions the Barclays Capital U.S. Aggregate Bond Index
, which tracks the U.S. bond market and fund giant The Vanguard Group
, which doesn't currently offer any international bond funds.
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