Individual investors are allocating the least amount of cash this year to U.S. high-yield mutual...
Individual investors are allocating the least amount of cash this year to U.S. high-yield mutual funds, in a signal that sentiment may be shifting. Concern is mounting that a reversal of the stampede into the funds would undermine a market that’s gained 54% since the end of 2008. “You’ve got the classic combination of promised instant liquidity and illiquid underlying assets.”
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