The 411 on Fairholme's New Bond Fund
Also, manager changes coming for many Van Kampen funds, and more.
Managed by Berkowitz, Fairholme Focused Income Fund will be a multisector fund that can invest in corporate bonds, government bonds, convertibles, and preferred shares. The idea of a focused portfolio of bonds is rather unusual, as most bond funds try to diversify away issue-specific risk for the benefit of conservative investors.
Ryan Leggio has a position in the following securities mentioned above: FAIRX. Find out about Morningstar’s editorial policies.