What explains the continuous redemptions that we are seeing in debt funds?
Investors are increasingly becoming risk averse. I am not referring to the Franklin Templeton fiasco. After the decline in interest rates, investors do not find it worthwhile to assume any unusual risk. So there is an extreme risk aversion. There are very few categories which are suited for risk-averse investors.
When we have an interest outlook like this, it is very difficult. The downside ..
