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US mutual funds exposed to high-yield, high-risk Euro bank CoCo bonds

Retrieved on: 2017-12-28 05:56:15

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<div>The <b>Vanguard Group</b>, however, discloses in several fund ”statements of additional information” to investors that, “with respect to the different investments discussed as follows,” some funds may acquire “hybrid instruments” such as CoCos . Vanguard describes the bonds as “fixed income securities that, ...</div>

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