Licking Their Wounds, Fund Managers Prep for Rally in ‘19
The closing numbers are displayed after the closing bell of the Dow Industrial Average at the New York Stock Exchange on May 8. Public companies are handcuffed by the existing regulatory system, with excessive rules hindering their growth. BRYAN R. SMITH/AFP/Getty Images
NEW YORK—With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 percent.
Yet fund managers are finding things to like despite the recent market volatility, which sent the Dow Jones Industrial Average down more than 2 percent last week.
