Economy & Markets
The important economic and stock market news that advisors need to know.
Bill Gross' Slumping Fund Sees $580 Million of Outflows This Year
By John GittelsohnOutflows from the Janus Henderson Global Unconstrained Bond Fund, equal to about a quarter of its assets, coincide with the fund's lagging performance.
July 09, 2018
A Good Week for the S&P 500 Held More Bad News for Active Funds"June was a setback for what might have been a record year for active managers," Bank of America strategists wrote.
July 09, 2018
American Beacon Launches Interval Fund: Portfolio ProductsThe American Beacon fund is designed to provide income, as is Brown Brothers Harriman's new BBH Income Fund.
July 06, 2018
Wells Fargo Sells Stake in Washington, DC-Based RIAWells Fargo sold its 65% interest in The Rock Creek Group to the firm's management.
July 06, 2018
ETFs Post Outflows For Third Month in 2018: State StreetFlows were muted in June as trade tensions rattled investor sentiment, according to the firm's U.S. ETF Flash Flow report.
July 06, 2018
Prepare for a Recession but Stick With Stocks: JPMorgan's KellyEven if the U.S. economy slips into recession, Chief Global Strategist David Kelly doesn't expect a big bear market in stocks.
July 06, 2018
Why Vanguard's Not the Only Threat to Active ManagersGoldman Sachs has built the ETF equivalent of a killer cyborg calibrated to exploit the growing world of fee-based advisors.
July 06, 2018
Metal Markets Prepare for New World DisorderTariff war has affected global metal markets as well as U.S. manufacturers.