A case of bad timing.
Timing, long recognised as an essential skill for stand-up comics, has not been a laughing matter among investors lately. For starters, market timers fuelled a $3.3 billion cash inflow to high-yield bond mutual funds in the next-to-last week of August. That beat the previous all-time record by an alarming $1.7 billion. Then, on September 3, market-timing burst into the headlines as New York State Attorney General Eliot Spitzer launched a crackdown on questionable trading of
The week on Risk.net, July 7-13, 2018Receive this by email