3 funds for bad times

Investing in troubled assets is expensive and risky for most people. But here are three mutual funds that could benefit in different ways from today's turmoil.

PIMCO High Yield
Ticker: PHDAX

This $13 billion fund has averaged 7.2% annualized returns over the past decade, beating competitors, and focuses on better-quality high-yield bonds.


@FortuneMagazine - Last updated January 10 2012: 7:52 AM ET
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