Analysis: U.S. funds get gun-shy on Europe's periphery

NEW YORK (Reuters) - 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, Portugal, Italy and Ireland -- have descended back to earth in the new year after hitting the stratosphere in 2012, and that's making some U.S. investors nervous. For instance, Standish Asset Management in Boston, has already cut its positions in the group. ...

READ THE ORIGINAL POST AT news.yahoo.com