The new year will be a bad year for fund investors, according to a doomsaying column on MarketWatch.
Money market funds are in danger of repeating the debacle of the
Further, because money market funds have been strained due to the low rates, many will close their doors in 2010, the column attests.
And the flight to safety of bonds that dominated 2009, with $400 billion moving into bond funds last year, will burn investors as rates inevitably rise in 2010 and prices fall.
Lastly, the outlook for absolute-return, real-return and commodities funds is bleak, with the column painting them as mere marketing hype that appealed to risk-averse investors in 2008 and 2009.