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Vanguard Wellesley Income Inv Message Board

  • verenagrossi verenagrossi Jan 24, 2012 12:30 PM Flag

    effect of greek default on fund's bonds

    What would be the effect on the fund's bond portfolio if only Greece defaults ?

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    • The question is complex.

      I don't believe that the fund is directly invested in Greece. Such an investment would probably be contrary to the funds stated strategy. Therefore, the fund will probably not be directly impacted by a Greek default.

      Indirect effects are hard to guage. Anything from minor to catastrophic is possible. On the minor side, it is possible that some of the fund's investments might take a hit from a Greek default. Catastrophe would result if a Greek default triggered waves of defaults in other institutions. Given the amount of lead time for this scenario, it is probably unlikely.

    • The question is complex.

      I don't believe that the fund is directly invested in Greece. Such an investment would probably be contrary to the funds stated strategy. Therefore, the fund will probably not be directly impacted by a Greek default.

      Indirect effects are hard to guage. Anything from minor to catastrophic is possible. On the minor side, it is possible that some of the fund's investments might take a hit from a Greek default. Catastrophe would result if a Greek default triggered waves of defaults in other institutions. Given the amount of lead time for this scenario, it is probably unlikely.

 
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