The financial advice business has changed fundamentally, but money managers who depend on advisers for nearly a third of their revenue are stuck in the past.
The falloff in social media stocks is burning investors who piled into one of last year's most popular exchange-traded funds.
At least 70 mutual funds across various fixed-income categories have more than 4% allocated to stocks, according to Morningstar. On the extreme end, almost half of those bond funds have equity weightings of between 10% and 63%.
Bill Gross's Pimco Total Return Fund sustained its 12th straight month of withdrawals in April as the world's largest bond fund continues to trail its peers.
Pacific Investment Management Co.'s Bill Gross said asset markets from stocks to real estate are not overpriced because the Federal Reserve's long-term policy rate will be half of what policymakers are forecasting.
Neuberger Berman product joins ranks of similar funds from Goldman, JPMorgan and Pimco.
For fund investors, the vacation from capital gains taxes may be over after another strong year for stocks. But it's not all bad news, as there are ways for investors to extend their holiday.
<i>Breakfast with Benjamin:</i> Euro stocks rally but for how long?. Plus: The China risk, big money managers are flush once again, the future of airplane seating, and 21 inspirational yearbook quotes.
<i>Friday's menu:</i> Ukraine heats up and fund winners and losers come into focus. Plus: Fed-speak clarity: an oxymoron? Bank loan funds fall victim to Fed policy, Obamacare drags us back to the 1950s and banks square off with Big Labor in Vegas.
U.S. fund companies are pushing back against claims that some firms may be too big to fail, saying that singling out a few large money managers and subjecting them to more regulation would hurt competition and ultimately fund investors.
How much can the year's surprising mutual fund flows tell us? Leuthold Weeden Capital Management's Kristen Hendrickson takes a deep dive and provides insight into how the rest of the year could play out.
Money manager recommends diversifying and considering alternative fixed-income investments.
Only 15% of those surveyed are comfortable with the term
Two on panel annoyed with regulatory action on "too big to fail"; Gallagher says asset managers shouldn't be considered systemically key.
The duo, who claimed Mark Zuckerberg stole their idea for a social-networking website, are seeking to open the Winklevoss Bitcoin Trust as the first ETF tracking a virtual asset.
Legg plans to work with UK-based institutional investor to develop retail funds
<i>Breakfast with Benjamin:</i> The bond market's oddly logical rally. Plus: Retail and professional investors get cautious, gold tops $1,300 an ounce, the income opportunities in deep-water drilling, and clarifying Thomas Piketty's attack on capitalism
“By and large the bond market is over. Maybe you want to put some James Bond in your portfolio,” a top strategist said at the IMCA conference.
Next year, three-decade T. Rowe Price veteran will no longer run the firm's second largest fund.
Search for yield, along with a more predictable Federal Reserve has investors dumping adjustable-rate bank loan funds.
