Here is something from Henry H. McVey, who heads Morgan Stanley’s Global Macro and Asset Allocation.
Before the year ended, he penned a long Investmentfocus piece titled “Managing Risk: Back to Basics.”
I found this chart very informative:
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Bond-fund flows at an all-time peak
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Source:
Managing Risk: Back to Basics
Henry H. McVey
Morgan Stanley, Global Macro and Asset Allocation
December 2009
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