Fund closures outstrip fund launches in 2009

VIDEO: Morningstar Director of Fund Research Chris Traulsen tells CNBC of the interesting industry developments he's seen this year

Morningstar 12.10.2009
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Morningstar Director of European Fund Research Christopher Traulsen this morning told CNBC that this is the first year he can recall when the number of closures will outstrip the number of funds being launched. He added that risky funds fare best as investors shun defensives.

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