Taiwanese investors don't fully grasp bond fund risks

Given major issues for Taiwanese bond funds in the past -- such as substantial redemptions in 2004 -- one might think investors would be well versed in such instruments. But that doesn't seem to be the case. A survey released in early November by US asset manager Janus Capital found that investors in Taiwan do not properly understand the bond fund asset class and as a result often buy them for the wrong reasons. The aim of the survey was to examine why bond fund investors decide to …