Is It All In The Price?

Is It All In The Price?

It never ends. Investors poured another $25.6 billion into equity funds over the latest reporting period, bringing the five-month haul to more than $600 billion and the YTD total to nearly $413 billion (figure below). Last week, the realization that global stock funds had taken in more in five months than they did in the previous dozen years grabbed a few headlines. As the MSCI All-Country World Index logged a fourth consecutive weekly advance, the flows continued unabated. Bonds funds, mea
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