Money manager attracts $6.7 billion as Pimco's flagship bleeds: Morningstar.
Redemptions top the $23.5 billion that left Pimco in September as investors continue to pull money in the wake of Bill Gross' exit.
Giant of active management joins other fund companies asking for new rules to allow it to offer more ETFs.
Luck and skill should be of great interest when evaluating active managers and here's one way to assess the balance.
Unconstrained bond funds have showed disappointing returns this year; 1.7% year-to-date compared with 5.6% for its benchmark.
After strong growth, the category suffers its first outflows in two years in the month of October. Redemptions were dominated by a continued sell-off of the MainStay Marketfield Fund, the largest in the alternative category.
Howard Present leaves as firm faces regulatory scrutiny over how it reported performance.
On Thursday's <i>Breakfast with Benjamin</i> menu: A string of catty comments accompany a Morningstar talk-up of Pimco's outlook. Plus, what municipal bond investors can learn from Detroit and Stockton, avoid getting sucked in by the market's latest winning streak, and much more.
Midweek <i>Breakfast with Benjamin:</i> What's making dollar bulls cheer. Plus: Picking winners and losers in the net-neutrality fight, Goldman's coveted promotion cycle, Dems suddenly like the Keystone XL pipeline, and Tim Geithner ruffles the Europeans.
X-trackers Harvest, Market Vectors ChinaAMC exchange-traded funds get surge of cash as stock pipeline opens.
<i>Breakfast with Benjamin:</i> It's all about access at Goldman. Plus: U.S. soldiers sue banks for helping Iran finance attacks in Iraq, adjusting portfolios for a fourth-quarter ride, oil prices are expected to hang low till the next OPEC meeting, and a hats off to companies taking their hats off to veterans today.
Also on Monday's <i>Breakfast with Benjamin</i> menu: Janus rides the wave of a Bill Gross effect, bond managers talk their book, IN's deep-dive into bond fund assets shifts, some oil stocks are worth buying on the dips, and happy birthday to the United States Marine Corps.
Fidelity's active management heft and huge product-distribution capacity now extend to a corner dominated by Pimco as it launches actively managed bond ETFs.
Today's <i>Breakfast with Benjamin</i> sees Pimco CEO Douglas Hodge downplay Bill Gross' exit, big-money players identifying a stock market entry point, JPMorgan's huge data breach, and more.
With interest rates near historic lows and signs pointing to a new Fed tightening cycle, the movement of money sparked by Bill Gross' exit from Pimco might be the start of a major bond transition. <b><i>(Plus: <a href="http://www.investmentnews.com/section/specialreport/20141109/BONDKINGS">See our full report on the new bond kings</a>)</b></i>
The chief investment officer overseeing Janus' bond business adjusting to the added attention on the firm.
