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Can Individual Investors Participate in the New Toxic Asset Plan?

Name: Charlie Brenner
City & State: Lexington, Mass.

Question: Is there an opportunity for individual investors who are not super-rich to participate in the new Toxic Asset plan? Maybe something like a mutual fund, or the Treasury's non-competitive bid process?

Paul Solman: Supposedly yes. From an AP dispatch yesterday:

At least three mutual fund companies have already expressed interest in buying the toxic assets and giving fund clients a chance to invest.

'We are intrigued by the potential double-digit returns as well as the opportunity to share them with not only clients but the American taxpayer,' said Bill Gross, a founder and co-chief investment officer of Pimco, manager of the world's largest bond fund.

Other fund companies said they're exploring options and awaiting plan details.

-- Posted March 26, 2009 | Comments (1) | Permalink