Philip Springer Archives

Fidelity Floating Rate High Income (FFRHX)

From the issue of |

Today Personal Finance Editor Philip Springer recommends a bond fund for today’s interest rate environment. “Fidelity Floating Rate High Income (FFRHX) should be the least impacted of our [bond fund] holdings when quantitative easing (QE) ends. “The fund holds a portfolio of higher-quality, more liquid bank...
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Fidelity GNMA Fund (FGMNX)

From the issue of |

In today’s Daily Alert, Personal Finance Editor Philip Springer recommends selling the Fidelity GNMA Fund (FGMNX), recommended here on March 12, 2013, and in Dividend Digest issue 246. “Mortgage-backed securities have performed extremely well over the past few years, particularly Ginnie Mae bonds (GNMA), which carry an government guarantee...
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