The past few weeks must have been really fun for Mr Market. Investors have been placed onto Battlestar Galactica and the ride has been going on for a few weeks. Below is a just a few observations of how things have gone wrong for many. Note: I am not trying to say that any investments mentioned below are bad. I am just illustrating how unpredictable the market is.
- A big fund house ran a huge advertisement for a new fund by placing the newspaper into a sealed wrapper at the end of July. Imagine a wrapper big enough to hold a set of newspaper! And we know what happened starting in August…
- A global bond fund is undergoing a EGM to close the fund. The fund had underperformed relative to other bond funds due to its un-hedged holdings in US Treasuries and other developed nations’ sovereign bonds. Now that it ...
