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>For example, many of the most popular passive index funds just automatically buy corporate bonds even if government bonds are a better value. Wouldn't any dif
by gruez 1y ago
>For example, many of the most popular passive index funds just automatically buy corporate bonds even if government bonds are a better value.
Wouldn't any difference be arbitraged away by hedge funds?
- dangus 1y agoI don’t know. Just stating an example of content from the article. Not an endorsement or validation of the theory. And I’m just pointing out “the government spends too much and has debt” has always been a simplistic and uninformed take.