September 23, 2018
10 years later: How fund investing has changed
A decade ago, as Lehman Brothers went bust and the fragile financial system was teetering,...

10 years later: How fund investing has changed

September 13, 2018 | Stan Choe | AP

A decade ago, as Lehman Brothers went bust and the fragile financial system was teetering, fund investors wondered how bad it could get.

The answer: pretty bad. The S&P 500 plunged 4.6 percent on Sept. 15, 2008, and would incur worse losses in the ensuing months.

Many investors bailed out. For those who held steady through all the tumult of the Great Recession, a decade later they’re sitting on more valuable portfolios.

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