U.S. funds get gun-shy on Europe’s periphery

After going gung-ho on the euro zone’s weakest economies in the second half of last year, U.S. fund managers are paring back their bond holdings in the region, sensing they’ve seen the best for now. Total returns on government debt in so-called “peripheral” countries in Europe — Greece, Spain, P…

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U.S. funds get gun-shy on Europe’s periphery

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