|Bid||13.43 x 1000|
|Ask||13.47 x 800|
|Day's Range||13.45 - 13.55|
|52 Week Range||12.00 - 16.87|
|Beta (3Y Monthly)||0.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.00 (7.33%)|
|1y Target Est||N/A|
An old adage says that when the United States sneezes, the rest of the world catches a cold. Recently, though, as the United States slows modestly, emerging market stocks seem to have caught something more like pneumonia, observes George Putnam, editor of The Turnaround Letter.
In Europe, trade is front and center as the U.K. struggles to disentangle itself from its former partners in the European Union, explains fund expert John Bonnanzio, editor of Fidelity Monitor & Insight.
Closed-end municipal bond funds bucked an otherwise dismal December and an equity fund focused on Mexico managed decent gains, even as other bond and equity counterparts took a beating amid the market rout. Municipal debt CEFs posted an average return of 1.1% in December, even as closed-end bond funds as a whole saw declines of 0.37% in net asset value and 1.5% on a market basis, according to Lipper's FundMarket Insight Report. Closed-end equity funds were hit even harder, with a 6.13% decline in net asset value and an 8.53% slide on a market basis.