No One Really Knows What Open-Ended Funds Will Do
It's summer, political uncertainty is in the air, asset prices are plummeting, and concerns about the ability of open-ended funds to withstand a wave of redemptions are rising. Only it's also the summer of 1962, John F. Kennedy is the U.S. president, and the S&P 500 is seesawing between 69.55 and 54.75.
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