Short Duration Bond Funds?
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I'm curious where you are parking your clients liquid positions, any suggestions?
1. No load suggestions? I have around $20,000 in emergency savings parked in an ING savings account earning around 1.5%, no planned need to touch the money. Any suggestions?
2. For transactional clients, I've been using the Lord Abbett short duration bond fund. Any other suggestions?
Any help would be appreciated.
#2 is where my ST money is for clients (Q money). That's a pretty good fund (a wee bit aggressive in that space, but I let my clients know that). I also use a Legg Mason SD muni fund (for NQ cash). C share has no CDSC, so they can get out as quickly as necessary with no penalty. Nothing fancy, but with safe money, you really can't tie them up.
Thanks for B24. I wasn't familiar with the Legg Mason fund, that in itself was helpful. I like the C-share option with no CDSC.
How does the Legg Mason fund compare with Lord Abbett short duration tax free C share?