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As the International Monetary Fund notes — approvingly!
Kentucky Asset/Liability Commission, $153.3 million of general fund notes.
In other words, holders of closed-end fund notes receive little to no premium for being stranded.
On that front, the fund notes that Japan Tobacco's payouts have amounted to a quarter of its earnings, significantly less than its rivals have handed back.
Matthew K. Berler, co-manager of the Osterweis Fund, notes that there are some health care companies with decent growth prospects — and that aren't dependent on a fast-growing world economy.
The fund notes that America's recent slowdown has so far had little effect beyond Canada and Mexico but also that it has been largely confined to housing and manufacturing.
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The monetary fund noted, too, how quickly markets could lose their confidence.
Anthony Maramarco, portfolio manager of the Babson Value fund, noted several companies held by his fund that surged on relatively small trading volume last Monday.
Of his competitor, the Fidelity fund, he said, "it's not a true defense fund," noting that one of its top holdings was B. F. Goodrich.
The economy had achieved impressive growth rates, in some years rising to 7.2%, although the International Monetary Fund noted that it had declined to 3.4% in fiscal year 2011 12.
But the fund noted that the gains had come as a result of recession, which has suppressed imports, and not through "productivity-enhancing structural reform".
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