Muni Bond Experts Sound Short-Term Warnings on Puerto Rico, Long-Term on Local Munis
Morningstar panelists disagree on opportunities in Puerto Rico, but agree that the muni bond world is changing, not necessarily for the better.
SEC Wants Pre-Trade Prices Made Public
SEC Chairwoman Mary Jo White is asking for public pre-trade prices to be distributed and for dealers to be more transparent.
What’s Up With Bill Gross? Morningstar Crowd Baffled
Reaction to the PIMCO leader's keynote speech at Morningstar Investment Conference was quick, widespread and heavily digital.
To the Active Managers Go the Spoils in 2014: Natixis
Among other predictions, Natixis sees a sharp split between winners and losers in the stock market, spelling middling results for indexers.
Sunglasses-Wearing Bill Gross Says He’s a ‘Cool Dude,’ Forecasts 3%-5% Return
PIMCO’s Gross speaks of “The Manchurian Candidate” and the press, says Total Return fund is outperforming, and waxes on “New Neutral” of real Fed rates.
IRS Tweaks Offshore Account Rules to Prod Tax Cheats to Pay Up
IRS expands its program to encourage the millions of Americans who have cheated on their taxes with offshore accounts to come forward.
Emerging Markets Not Monolithic; Japan Debt Scary, Says Templeton’s Hasenstab
In 2013, there were big performance differences in Hungary and Indonesia, the Franklin Templeton global bond CIO said.
Financial Advisors Too Focused on Finance
Morningstar research suggests that investments — often the be-all and end-all for advisors — take on a humbler profile when clients' portfolios are considered holistically.
PIMCO Outflows Hit $26.5 Billion for 2014 as Vanguard Shines
Investors pulled some $4.3 billion from the PIMCO Total Return Fund in May alone as taxable bond funds attracted $9.6 billion, Morningstar reports.
More Than 1,000 Advisors Attending Morningstar Conference; Gross, Asness Highlight Speakers
Also, Rick Ferri will dialogue with Chris Brightman of Research Affiliates—beehive of smart beta—on alternative indexing: desirable for honey or dangerous for its sting?