Apple Is the New Pimco, and Tim Cook Is the New Bond King
Tech companies hoarding cash have become big fixed income players, going after investment-grade offerings.
BlackRock’s Rieder Fund Snags PIMCO Assets
Rieder, who runs the $4.1 billion fund, has delivered 7% over the past year, making it the top bond fund.
Gross Exit Prompts $27.5 Billion in Withdrawals From PIMCO Total Return
But redemptions "slowed sharply" after the first five trading days of October, PIMCO said.
Wealthy Clintons Use Trusts to Limit Pain of Estate Taxes
Bill and Hillary Clinton have long supported an estate tax to prevent the domination of inherited wealth. That doesn’t mean they want to pay it.
Vanguard Takes 90% of ETF Inflows in First Quarter
Vanguard added seven times more to ETFs in the first quarter than rest of the U.S. industry combined.
Fidelity’s Morrison to Succeed O’Hanley as Investment Chief
Charles Morrison most recently was head of Fidelity’s $750 billion fixed income division.
Obama Offering Retirement Savings Plan for Workers
President Barack Obama offered more Americans the chance to save for retirement through payroll deductions with a plan for new government-sponsored savings accounts.
Johnson to Pick a Fidelity Veteran to Replace O’Hanley
President Abigail Johnson has told employees that asset management head Ronald O’Hanley will be replaced by an internal successor.
Cut Out Wolves of Wall Street With These Dirt-Cheap ETFs
Using ETFs like the Schwab U.S. Broad Market and others, you get to keep nearly every dollar of your investment.
Fidelity Asset Management Head Ron O’Hanley to Leave
Fidelity plans to replace O’Hanley with an internal successor, whom it didn’t name, according to a note to employees from President Abigail Johnson.