Franklin Templeton's Sonal Desai sees two more rate hikes this year, citing the U.S. economy's continued strength.
U.S. mutual funds and exchange-traded funds that passively track indexes now hold 48% assets and are likely to top 50% in 2019.
The settlement with 50 states and the District of Columbia announced Friday resolves state investigations into Wells Fargo's practices from 2002 to 2017.
Mutual funds suffered redemptions of $56.2 billion in the week ended Dec. 19.
U.S. stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming within points of seeing it end, with major indexes surging at least 4.9%.
To say that U.S. stocks trading has been odd this week seems like an understatement.
Squeamish from the start about pursuing profits in one of the darker corners of finance, established firms this year slowed their already halting efforts to make a business out of Bitcoin mania.
U.S. stocks fell to the lowest since May 2017 as the turmoil in Washington kept investors on edge after the worst week for American equities in almost a decade.
The White House and Democrats remain at an impasse over President Donald Trump's demand for billions of dollars in border wall funding
A continued decline in the amount of outstanding state and local government debt should help performance.
