The accelerating demand means any weakness in stocks is likely to be met with buying from companies.
Fund has lost 7% so far this year after Gross made a bad bet on rates on U.S. Treasuries and German bunds.
Future tax rates and when the money will be needed are among the things advisers should take into account.
Agreement comes on the heels of a deal struck with power company bondholders last month.
Bitcoin slides more than 5% on news the SEC put off deciding whether to approve a bitcoin ETF.
UBS wealth management arm offers structured notes that employ relative-value strategies, typically the domain of hedge funds.
Proposed regulations make it clear the agency considers splitting up businesses to get around income limits abusive.
State Street plans three exchange-traded funds on topics including clean power and robotics, while Goldman plans five, including one on 'human evolution.'
To get back into investors' good graces, funds have had to alter traits like their liquidity, fees — even their overall structure.
Regulators are looking at the bank's purchases of low-income housing credits, according to a filing.
