Latecomers to global funds got burned in Tuesday's plummet

Timing is everything. Investors deposited $46.89 billion in mutual funds in January, an increase of 130% from December, according to data from the Investment Company Institute. Much of that cash made its way into funds that invest overseas -- a market sector that had done remarkably well in 2006, but which got clobbered in Tuesday's sell-off.

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