Re: Why is the Franklin Income Fund Dropping?
This is one reason to not own open-end bond funds. A closed-end
fund can sweat out a short term decline (okay, a rout in this case),
whereas an open-end fund like the Franklin under discussion has to
dump its holdings as investors sell (thus adding to the carnage).
Fact is, corporate bond spreads have been lower than normal for
http://groups.google.com/group/misc.invest.stocks/msg/2dab881e1fb6c94d