The $244 billion invested in emerging-market ETFs is about 19 percent of the total invested in emerging-market mutual funds, according to the firm.
U.S. stocks? Not so much.
The co-founder and chief executive officer of DoubleLine Capital says it's better to be cautious now than to hold on until it's too late.
The firm is pushing into Europe and Asia-Pacific by de-emphasizing index-tracking products in favor of an armada of actively managed funds.
Having just stepped into the role, this veteran of the firm now oversees $3.8 trillion in assets in more than 300 mutual funds and exchange-traded funds.
Cheap valuations aren't the only factor when deciding to invest
Move is reaction to addition of this stock in MSCI Emerging Markets Index next year, but changes will be minimal.
Volatile cryptocurrency down 13% Monday after sharp runup.
Capitalizing on the growth opportunity in emerging markets takes more than just an investment in the conventional benchmark index.
Cash, alternatives, international all beckon, but all have pros and cons.
They are cheap, but no panacea during a serious downturn.
See rankings of funds by returns in categories from large-cap growth to real estate and equity income.
See rankings of funds by returns in categories from core bond to high yield and multisector income.
See rankings of funds by returns in categories from multi-cap core to emerging markets and global equity income.
But bonds raise more funds.
Famed Vanguard founder says venturing outside the US involves unnecessary exposure to currency risk, economic risk and societal instability risk.
With domestic stock valuations high, investing overseas could finally pay off.
