Tue, 3 Sep 2013
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Morningstar's Bob Johnson on the Federal Reserve's rationale for continuing its bond-buying program and what it means for interest rates, the economy, and the Fed's options going forward.
August saw continued big bond-fund redemptions and a divergence of institutional and individual investor flows in emerging - markets funds.
The author and Princeton professor favors plain-vanilla, index-based investments and says specialized, high-cost products are bad for the ETF industry.
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