The national cannabis market is forecast to reach $10.8 billion in sales by 2019 and while there are exchange-traded funds for rare earth metals and for stocks headquartered in Nashville, there are no ETFs that track pot stocks.
Bond manager says most investors have yet to be tested with a long-term downtrend and that's when liquidity will be an issue.
The national cannabis market is forecast to reach $10.8 billion in sales by 2019, but there are no ETFs that track pot stocks.
Investors grow nervous ahead of July 5 snap-referendum on European aid plan.
A month after checking on his old Pimco colleague last September, the bond manager got an offer he couldn't refuse.
Cashing out your 401(k) is a bad idea at any age, but it can really hinder millennials and Gen X-ers from achieving their retirement goals.
Anxiety over a lack of liquidity is skewing fixed-income markets in new and surprising ways.
The firm sold about $18 billion of Total Return fund assets to other Pimco funds and accounts between October and March, helping it meet more than $100 billion of redemptions that followed Mr. Gross's surprise exit.
Fund's biggest position, at nearly 35% of the portfolio, is in mortgage-related securities; government debt cut to 8.5% of assets.
Money manager cites long-term relationship, experience and track record in making the switch.
