'Plain Vanilla' Funds in Investors' Plain Sight
Subpar Recovery, Taxes Offer Plenty of Opportunities
June 9, 2008
NEW YORK - As the turbulent economy begins to calm down, investors will likely gravitate toward index-based, middle-of-the-road mutual funds, opening the door for opportunists to sweep up bargains, industry experts say. And the safer, the better. 'Investors are looking for plain vanilla' opportunities,' said Paul Disdier, director of municipal securities for The Dreyfus Corp., at the annual BNY Mellon Asset Management press briefing June 3 at the MetLife building in Manhattan.
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