In recent years, plenty of investors poured into emerging market stock funds. The new shareholders hoped to profit from the boom in developing countries, such as China and Brazil. But their high hopes were dashed by the credit crisis. During the...
Losses beget redemptions, which can beget more losses—and more redemptions
Not every fund is suffering huge cash outflows
Much has been made of Miller’s recent underperformance. Is Miller a genius who has temporarily gone cold? Or was he just lucky—for 15 years?
High-yield bond investors suffered more than most in 2008, and this sell off may have created an investing opportunity today
Since the credit crisis began unfolding, many strange things have occurred in the fixed-income markets. Among the strangest has been the downturn of municipal bonds. High-grade municipals have long been considered reliable investments, but during...
