"Ultrashort Funds Hit Rough Patch In Latest Month"

Aug 08 07

"Ultrashort Funds Hit Rough Patch In Latest Month". The Wall Street Journal's Daisy Maxey writes about troubles at Fidelity UltraShort Bond Fund, which has declined by 2.8% month-to-date due to some sub-prime mortgage exposure. "At this point, ultrashort funds have barely outpaced money-market funds in the 12 months through July," says the Journal.

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