The four Metlife domestic equity funds are down 15-30% for the year to date. The international fund (primarily invested in Europe and Japan) is down 15%. The emerging market fund is down just 6%.
Despite all the bad press re: countries like Brazil and Argentina -- capital seems to be flowing into selected emerging markets.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi