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Mutual Funds Get Crushed by Brazil

  • Templeton’s Hasenstab says short-term volatility will pass
  • ‘I have never seen anything like this,’ says another manager
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Fidelity's Timmer Bullish on EM Amid Brazil Scandal

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Turmoil in Brazil is slamming U.S. mutual funds.

Funds with large holdings of Brazilian assets tumbled yesterday as allegations against the country’s president sparked a selloff.