Imagine your financial adviser selling you a bond fund that you thought was invested in low risk index or municipal securities only to find out that much of your holdings are in high-risk Chinese or Puerto Rico bonds.
Unfortunately, that is the situation facing investors who may have unwittingly bought bond funds without realizing they held a large percentage of Chinese bonds, according to a recent Wall Street Journal article.
"From April 1 onward, many investors will start to own Chinese bonds for the first time, making them creditors to the government in Beijing and