Assets under management of mutual funds investing in global markets have shrunk over the past 20 months. Even the long-term category average returns pale in comparison to some in the debt funds bucket. What is ailing global funds and are they still a good portfolio diversification tool. Moneycontrol spoke to Chintan Haria, head-investment strategy, at ICICI Prudential Mutual Fund for answers.
Wood said when the S&P500 index collapsed 28.5 per cent in four days, and by 20.5 per cent on October 19, 1987 alone, the treasury bond market subsequently staged a classic flight-to-safety rally.
Money management, Munger said, requires people to pretend that they can do something that they can t, and like what they don t. `I think that s a terrible way to spend your life, but it s very well paid.’