Scrutiny is welcome as muni bonds have long been a choice vehicle for tax-free income.
Pacific Investment Management Co., the envy of the bond world when it tripled assets following the financial crisis, is finding itself in an unusual role: Playing catch up to competitors in the growing market for exchange- traded funds.
UBS Puerto Rico closed-end muni bond fund investors are losing billions; new research pegs losses at $1.66 billion over the first nine months of 2013.
If the commonwealth defaults, it will cause a shock to the system.
The woes stemming from UBS AG's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
A unit of UBS AG has offered to repurchase shares of moribund, closed-end municipal bond funds invested in Puerto Rico muni securities from a select number of clients, according to plaintiff's attorneys. Bruce Kelly reports.
The fund, previously known as the Pimco Mortgage-Backed Securities Fund, will become the TCW Core Plus Bond Fund, according to a statement today from Los Angeles-based TCW.
In a Take Five interview, Morningstar CEO Joe Mansueto says the firm has a big opportunity with its ByAllAccounts acquisition to go beyond advisers and is also well-positioned in liquid alts space.
Gains access to more than 2,100 clients, including independent financial advisers, asset managers, wealth managers, trust companies and broker-dealers.
After visiting Pimco, analysts at Morningstar may downgrade their ratings for the money manager's funds. In a new report, they cited, among other things, a 'higher degree of uncertainty' around personnel in the wake of the departure of co-CIO Mohamed El-Erian.
Consultants, insitutional clients watch closely as firm deals with alleged Gross-El-Erian feud.
Profit from developed-nation positions is finding its way across global economy.
When the news broke this month that $24 billion hedge fund firm Grosvenor Capital Management was breaking out of its otherwise secretive shell with plans to launch a registered alternative strategy mutual fund, it was generally interpreted as just the latest evidence of a continuing trend.
Shares of company nontraded REIT czar is using to build a B-D empire have more than doubled since beginning of December .
New American Funds offering seeks to take advantage of strong payouts but some doubt strategy.
The Vanguard Group Inc., the third-largest U.S. provider of exchange-traded funds, has asked regulators for permission to open actively managed ETFs.
Although it could have severe effects on Russian ruble, they're betting the crisis will be settled peaceably.
Index funds became popular over the last four decades because they're simple, conservative and low cost. A different kind of exchange-traded fund is drawing record cash by promoting better returns with the same stocks.
Many see opportunities in stocks and bonds but security of selection has become paramount.
Investors wisely ignore calls to short or sell Russian stocks
