Investors exit as the manager sticks to his guns.
Asset manager cuts expenses on nine mutual funds, after a string of ETF fee cuts by Charles Schwab and BlackRock. <b><i>(Related read: <a href="//www.investmentnews.com/article/20160628/FREE/160629906/fidelity-takes-on-vanguard-by-cutting-prices-on-index-funds-etfs"" target="”blank"" rel="noopener noreferrer">Fidelity takes on Vanguard by cutting prices</a>)</i></b>
A 24% gain since January and an 8% drop since July
Plus: The SEC's fuzzy enforcement rules, a fighting chance for active management, and the worst part of being rich
The deal creates a global active management complex with $320 billion under management.
The German bank's riskiest bonds also declined after a media report said the German government wouldn't step in to back the lender, fueling investor concerns about its weakened finances.
Expanded distribution, consolidation and some lower fees expected.
Plus: Claims of a better robo platform, a bright spot in a dim economic recovery, and health insurance won't be less expensive this year or next
Online brokerage said to attract interest from rival TD Ameritrade.
Robertson also says he won't vote for Trump and will pick the Libertarian party instead.
Plus: DOL rule drives some advisers out of the business, a speculative bet on gold, and don't put this on your resume
Robert Citrone, the Tiger cub who now runs one of the best-known macro hedge funds, is sounding the warning bell for investors.
Plus: Here comes the bear market for bonds, Vanguard leads the way in net inflows this year, and Obamacare continues to crumble
Plus: This presidential election scares everyone, big money investors are dumping stocks at an alarming rate, and stay awake without gulping more coffee
Embracing the reality of where the money is headed.
Plus: Goldman lowers the odds of a September rate hike, oil's bad day, and taxes worthy of your hatred
Yields on sovereign debt have jumped in recent days thanks in part to concerns over central banks' next moves.
'The devil you know versus the devil you don't know'
'This is a big, big moment,' according to DoubleLine Capital's chief investment officer. 'Interest rates have bottomed.'
Performance anticipation push financials to the head of the pack in August.
