Summary | On Dec. 10, Third Avenue Focused Credit Fund
suspended its investors' right to ask for their money back
whenever they wish. That drastic step wasn't unprecedented,
however. It exposed a flaw that has always lurked within the
heart of mutual funds -- one that exchange-traded funds have
largely solved. ...
suspended its investors' right to ask for their money back
whenever they wish. That drastic step wasn't unprecedented,
however. It exposed a flaw that has always lurked within the
heart of mutual funds -- one that exchange-traded funds have
largely solved. ...
blogs.wsj.com | 18 December 2015