Thu, 12 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.
Beyond noting their stock / bond split, investors should also check their small-cap exposure, overall rate sensitivity, and vulnerability to the wealth effect.
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