The Ticker Symbol We Need Right Now: FOMO

After the financial crisis there was a rush to buy “tail risk” funds designed to protect against a crash by providing outsize returns when markets fall. They mostly worked well this year as the spread of the coronavirus hammered stock prices. But now investors have the opposite problem: They want to hold nice safe assets but have a deep fear of missing out—FOMO—if the markets resume their rebound, interrupted this week. One solution: a FOMO fund….
The Wall Street Journal

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