In recent years, the price to earnings multiple for emerging markets has swollen to 15—near the level of the developed world. But some fund managers argue emerging markets deserve still higher valuations.
While bonds may not tank tomorrow, it does seem likely that stock markets will eventually recover at least some of their old gusto. To prepare for the day when the pendulum swings, consider buying fund categories that are suffering outflows.
Dodd-Frank will change the way asset management products are created and generate more work for financial advisors. There will be some good consequences and some bad.
Gold rocked in 2010. But what is the best, least volatile way to play the barbarous relic? Gold mining stocks or gold bullion via the SPDR Gold Shares (GLD)?
