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...
According to Morningstar, passive portfolios hold 22 percent of fund assets, up from 11 percent in 1999. Now it is no longer possible to ignore the impact of indexing.