11.   CONSERVATIVE EQUITY FUNDS The problem with investing in bonds is that lower risk is accompanied by the probability of lower returns.

12.   Constant trading increases the costs of a fund, and that means lower returns all around.

13.   Declining interest rates have made stocks a strong value relative to the lower return on bonds.

14.   Declining interest rates in Europe have made potential returns on stocks attractive relative to the lower returns on bonds.

15.   Despite their predictions of better days ahead, Chilean savers may have to get used to lower returns.

16.   Do investors pay a price in terms of lower return by being socially responsible?

17.   Early loan repayments throw mortgage securities closer to early redemption, leaving investors with the prospect of reinvesting in new securities with lower returns.

18.   Diversification is not the way to big stock returns because it reduces risk in exchange for lower returns.

19.   Early repayments force mortgages into redemption, leaving bondholders with the prospect of reinvesting in new securities with lower returns.

20.   Early loan repayments rip mortgage bonds away from investors sooner than expected, leaving them with the prospect of reinvesting in new securities with lower returns.