Learning To Say `Anxiety' In 100 Languages

Foreign funds have been hit hard, but there's no mass exodus

Honeymooning in Bermuda in October, Sandy Nairn made the mistake of leaving his poolside chaise to return for a moment with his bride to their suite. There, the director of global equity research for Franklin Templeton Funds learned stock markets worldwide were plunging. "I had an afternoon of watching the Dow go down 550 points," Nairn laments. Now that he's back at work in Edinburgh, the Dow is the least of his worries. Global markets remain unsettled. And foreign funds--those that invest only outside America--have been taking a beating.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.