A century and a half later, closed-end funds continue to be an efficient way for investors to access some of the biggest growth opportunities in emerging markets.
U.S. stocks, and the funds that invest in them, have been boosted by the pace of corporate buybacks as companies recycle their profits and money is being repatriated under the reformed tax code.
The market is now seeing a Goldilocks scenario—an investing environment that is neither “too hot” nor “too cold,” with sustained levels of growth that won’t cause inflation or trigger a recession.
The retreat from the world's largest social media network is one of the sharpest responses by investors to concerns about Facebook's handling of user data.
Emerging Markets Equity Funds recorded their biggest weekly outflow in over eight months with all four of the major regional groups experiencing net redemptions.