TIPS at the Tipping Point
Brent Hunsberger, The Oregonian
February 2, 2013
Portland money manager Bill
Parish used to be a big fan of TIPS -- a special U.S. government bond
that guarantees a return at least as high as inflation. "It's
been a strategic part of my clients' portfolios for years," Parish said
Monday of Treasury Inflation Protected Securities.
Yet the day we spoke, he'd sold most of his clients' last holdings of TIPS, moving the proceeds into a low-cost, short-term bond index fund instead.
TIPS have reached a tipping point of sorts. While institutional investors continue to gobble them up at Treasury auctions, individual money managers such as Parish are spurning them.
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