Morningstar, Inc. Commentaries
Jan 14, 2016
Click here to access A Mixed Year in Closed-End Funds
At the start of 2015, major market concerns included rising interest rates in the United States, falling oil prices, a hard landing for China, and turmoil in the Middle East. Twelve months later, many of those issues remain at the top of investors' minds. The Federal Reserve did raise interest rates in December, but the path forward remains unclear--how fast and how high will rates eventually rise?