Funds plan short-term high-yield bond products

08/21/2013 | InvestmentNews (free registration)

Mutual fund companies are planning products to cater to demand for short-term high-yield bond funds. Fidelity Investments and Eaton Vance are both awaiting approval from the Securities and Exchange Commission for new products. "You're getting pretty much all the yield and a lot less of the interest-rate risk," said Louis Kokernak of Haven Financial Advisors.

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