As hockey great Wayne Gretzky would say, play your asset allocation where the Fed is going and that means U.S., European and emerging market equities.
Gross' departure yet another opportunity for advisers to reach out to clients and provide sage advice
Advisers and financial experts take to Twitter to respond to Bill Gross' shocking exit from Pimco and his decision to join Janus Capital Group Inc.
In an <i>InvestmentNews</i> exclusive, the Bond King explains his 'constructive obsession' with defeating rivals and answers advisers' burning questions. <b>More coverage: <a href="http://www.investmentnews.com/section/specialreport/20141006/GROSS" target="_blank">Our special report on Gross' next chapter</a></b>
<i>Breakfast with Benjamin:</i> Gross' message to advisers. <i>Plus:</i> Where the Pimco flows are landing, the stock market rally as house of cards, the dental indicator, bitcoin is back and a big corporate split.
While some financial professionals say Bill Gross' exit is the final straw, and others exited long ago — some are staying put.
Changes would not take effect until 18 months after SEC signs off, three times longer than originally proposed.
Lack of liquidity in less-traded corners of the market is the big issue
Research firm cites "uncertainty regarding outflows" and shuffled management as the reasons for downgrading Pimco's flagship fund.
Adviser Paul Schatz explains how he allocates his own portfolio.
<i>Breakfast with Benjamin:</i> Gross leaves and the cash follows. Plus: A new robo-adviser enters the market; Schorsch at it again, with a twist; corporations are healthy, healthy, healthy; oil prices are falling; and Elon Musk's next move.
Firm says it can manage outflows successfully.
<i>Breakfast with Benjamin:</i> The end of QE? Not so fast. Plus: Gold gets the cold shoulder, most European banks pass stress tests, and why you shouldn't get too excited about stock buyback plans.
The decision comes on top of record outflows for the Pimco Total Return Fund, as Schwab cites "ongoing organizational changes" as a cause of action.
Companies raised $41.8 billion in three-month period ended Sept. 30.
Just a year after launching the Renaissance IPO ETF, the public-stock-offering research and data-tracking firm is coming out with an international IPO fund.
Today's <i>Breakfast with Benjamin</i> menu covers the U.S. dollar threatening to knock markets off balance, riding an ETF back into commodities, retirement plans turning on the Pimco Total Return Fund, and more.
BlackRock and Legg Mason are among the firms poised to pounce on Pimco's outflows now that the face of the firm has flown the coop.
Some see potential opportunity but prefer to wait for the sizzle to cool.
