FYI: You won’t find out if your roof is leaking on a sunny day; it takes a storm to see where the problems are.
In the mutual fund world, the last five years of sunny returns and limited volatility have meant that the nascent class of assets known as “managed-volatility funds” has been able to function as a shelter without much of a test on how they would weather a storm.
Regards,
Ted
http://www.marketwatch.com/story/managed-volatility-funds-have-yet-to-be-tested-2014-11-24/print
