Markets and indexes

The underperformance is a rarity for the fund, which has beaten the benchmark for nine of the past 10 years.

Nearly all bested the broader market at roughly a third the price of the average fixed income product.

“There are too many negatives at this point. What Trump is saying and what the Fed is saying is no longer enough,” an expert says.

The glitch raises questions about the rapid growth of socially responsible investing and index strategies in particular.

Although many underperformed the broader market, just over half posted double-digit gains.

Severe declines provide the opportunity to review their portfolios and ensure their current plans support their short- and long-term goals.

Anticipation of a prolonged U.S.-China conflict is mounting, and “it’s possible that a currency war will start as well,” an executive says.

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

A search for returns in less liquid assets may blur the transparency of real portfolio value.