NEW YORK (AP) — Brace yourself. If you have money in a bond mutual fund, you're likely to feel some pain when you open your mid-year account statement.
After years of steady returns, many bond mutual funds have suffered losses this year. Some of the sharpest drops are in funds that buy Treasury bonds, and it could be a rude awakening for investors lulled into thinking Treasurys were among the safest investments.
A look at how other mutual-fund categories performed during the first half of 2013 shows other clear losers, as well as winners. Mid-year is often a time when investors check on their portfolios, but it's important to only make adjustments that are in line with your investment goals.
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