The pros and cons of the Total Return Fund and Total Return ETF in the wake of Bill Gross' departure
Talking clients through the complexities of alternative investments requires simplicity and a focus on function.
One problem: Indexes used by most investors have big concentrations in countries that are not emerging anymore.
Friday's <i>Breakfast with Benjamin</i> menu: The market's jolt puts liquid alt strategies in the spotlight. Plus: Minding the next threshold for stocks, reminding clients to buy on the dip, Fed missed the mark on inflation, and don't forget to worry about China.
Here's a hint: They're short-term bond funds that can provide safe places to park money, and provide a little yield and return in place of holding cash
For <i>Breakfast with Benjamin</i> today: Stock climb to continue. Plus: Loving and hating the strong dollar, China sets up for a currency fight, more spooky details in the JPMorgan hack attack, Pimco's slippery marketing gambit, short-sellers bet on the rally, and drones shape up as niche investment strategy.
Unconstrained bond funds, one of which Bill Gross will be managing at Janus, are the big magnets
Money manager says new definition will help determine whether funds are delivering on their promises.
Pimco claims a trademark over the macroeconomic forecast Gross calls 'critical.'
Fresh off of bringing on <a href="http://www.investmentnews.com/article/20141006/FREE/141009964/bill-gross-speaks-out-on-pimco-exit-vows-to-regain-crown-at-janus?issuedate=20141006&sid=GROSS" target="_blank">Bill Gross from Pimco</a>, the fund manager makes dramatic expansion in exchange-traded business.
<i>Breakfast with Benjamin:</i> Equity investors brace for insight from Janet Yellen and the Fed today. Plus: ETFs chase the freed-up Pimco assets, breaking down the bond market fears, Morgan Stanley says the auto industry's days are numbered, and Warren Buffett makes another safe bet.
Gross' departure yet another opportunity for advisers to reach out to clients and provide sage advice
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.
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.
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.
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.
