Investors Exit Active Funds to Tune of $159B Over Past Year: Morningstar
Morningstar reports $14.3 billion exited U.S. equity mutual funds and ETFs in July, but J.P. Morgan, American Funds buck active trend.
Gross’ Fund Rises After Tweaking ‘Shorts of a Lifetime’
The Janus (ex-Pimco) fund manager anticipated a slump for German debt and Chinese equities; Janus Global up 0.8% in July, 1.6% YTD.
PIMCO Is Over ‘Gross Effect’ as Break-Even Nears, Owner Says
Investors pulled $2.5 billion from Total Return in July vs. $3 billion in June, the Newport Beach, California-based firm says
PIMCO’s Latest Woes: The Good, the Bad & the Ugly
The SEC is looking at “odd lot” pricing of non-agency MBS, which is no simple matter, says a Morningstar researcher.
Gross, El-Erian Disagree on Fed Rate Hike
Bill Gross says Fed has data it needs to start raising rates in September; Mohamed El-Erian says Fed will wait for the next jobs report.
Bil Gross: ‘Zombies’ Roam Economy Thanks to Low Interest Rates
“Low interest rates are not the cure — they are part of the problem,” Gross writes in his latest outlook.
Schwab’s Kleintop: 5 Developments Investors Missed While Watching Greece
Investors focused on Greece over the past week may have missed other developments that could be at least as influential on markets, Kleintop says.
Your Dirt-Cheap ETFs Threaten Asset Managers’ Record Profits
Their fee revenue is getting pinched by low-cost exchange-traded funds, and in the U.S. new fund flows are meager.
Bill Gross on Greece: ‘Grexit’ Might Be Best-Case Scenario
Gross talked about what Greece’s No vote means for the country and the eurozone and why the market’s reaction isn’t as calm as it appears.
Gross Gets Co-Manager as Janus Acquires Firm of PIMCO Alum
Kumar Palghat, who worked with Gross at PIMCO for 10 years, will help run the Janus Global Unconstrained Bond Fund.