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Michael Rawson

Michael Rawson, CFA, is an analyst covering equity strategies on Morningstar’s manager research team.

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Strategically speaking, currency exposure adds to your risk profile, but not your expected return profile, argues WisdomTree director of research Jeremy Schwartz.

Bank-loan funds have seen outflows in 2014 as investors have become less concerned about rising rates, but flows to such funds could increase when rates do eventually move higher.