InfluenceAdvisor clients make news: CMG Capital Management Group CEO Steve Blumenthal is quoted in The Wall Street Journal Article Mom-and-Pop Investors Bolt Emerging Markets. Since the start of June, $18.1 billion pulled from emerging market bond fund.
“[Retail] investors are behaviorally doing the exact opposite of what they should be doing,” said Steve Blumenthal, whose advisory firm manages $550 million for investment advisers and retail clients. “Emerging markets have perhaps the best valuation level of any of the markets, but they’re in a selloff.”
CMG Capital Management Group is a Registered Investment Advisor (RIA) that provides other RIAs, financial planners, and institutions with managed accounts, mutual funds and variable annuities. See cmgwealth.com.