Bond Fund

Financial Times  Aug 23  Comment 
There is far from an obvious single culprit for GAM liquidating its $11bn vehicle
Financial Times  Aug 21  Comment 
Legendary manager now oversees $1.2bn, compared with $300bn during peak at Pimco
The Hindu Business Line  Jun 3  Comment 
In a rising rate scenario, the fund’s lower maturity can help cap losses


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Bond Fund

A fund invested primarily in bonds and other debt instruments.. A bond is a long term promissory note. A written obligation that makes a person responsible for the actions of another. [1] Bonds have a limited life span, and pay interest to the lender. The major difference between a Bond fund and a Stock fund, is that the Bond funds owners are creditors to the companies, whereas the Stock fund owners, have an equity stake in the company.

Bonds from "anything that binds," "householder," "dweller, [1] "condition of a serf or slave” "dwell, prepare, inhabit.” [2]

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