Here’s what happens when you buy assets journalists warn are in a bubble
May 21, 2019 at 12:22 PM EDT
Back in the second quarter of 2017, Bloomberg’s Joe Weisenthal suggested that going long assets that journalists flag as in bubble territory would make for a great exchange-traded fund. Paul McNamara, who helps oversee some $135 billion as investment director at GAM Investments in London, took him up on it — in theory, anyway.