Yet Another Reason Not To Own Actively Managed Funds : Bonds or Stocks

so much for knowing much about a fund from its label,,,and so much for "style purity"

Wsj reports:

....Even managers of some high-yield mutual funds are reducing their exposure. The John Hancock High Yield Fund has increased the stock allocation of its $1.1 billion portfolio to its legal maximum of 20%, up from 13% a year ago