"The new buzz word: alternative yield"
The Christian Science Monitor writes "The new buzz word: alternative yield". It asks, "Is alternative yield the answer to terminally low interest rates for those who are tired of being punished for high cash balances and risk aversion?" The article continues, "I happen to be hypersensitive to the coming and going of investment fads, themes and trends.... Right now I'm hearing and seeing a new investment trend developing in a major way, let's call it Alternative Yield. Alternative Yield is the answer to terminally low interest rates for those who are tired of being punished for high cash balances and risk aversion.... The pitch is always the same -- 'If you've got clients with cash on the sidelines, this is the perfect product to sweep that cash up, Mr. Brown.' ... The cover of Barron's this weekend features a picture of an investor with a ball-and-chain attached to his ankle with the common refrain that his bond funds are about to crush him. As most investment pros with more than one cycle under their belts know, bond funds are notoriously scary investments going into a higher interest rate environment."
