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how to get exposure to Greek bonds?
Posted: Sat May 05, 2012 8:50 pm
by atrchi
Is there an ETF or Mutual Fund that invests in high-yield sovereign bonds? I'm thinking Greece, Italy, Argentina, etc. But would like to see a meaningful stake in Greece as the highest yielder.
BTW I'm not crazy. I'm considering this for a small fraction of the VP.
Thanks
Re: how to get exposure to Greek bonds?
Posted: Sat May 05, 2012 10:46 pm
by Ad Orientem
Just out of curiosity what is your investment thesis behind Greek bonds? If I were into speculative investments I might consider shorting them. But I don't see a viable argument for going long on Greek debt, even as a trade. They are incredibly high risk and it's all but certain that at some point they will be forced into some sort of (further) default. Bear in mind they have already imposed a huge haircut on banks holding their bonds.
Re: how to get exposure to Greek bonds?
Posted: Sun May 06, 2012 8:25 am
by atrchi
Let's just say, it's for the contrarian portion of my VP. The stronger the bearish argument, the more I want to buy it
Re: how to get exposure to Greek bonds?
Posted: Sun May 06, 2012 11:13 am
by Reub
Aflac?