Pimco's Bill Gross has overhauled the firm's Unconstrained Bond Fund since taking over in December. His moves include ditching 30-year Treasuries, boosting corporate debt bets and extending duration. Whether the revamp will help performance remains to be seen.
Investors are plowing money — $5 billion in April alone — into equity ETFs, betting that an expanding economy will overwhelm concerns such as slowing earnings growth, rising valuations and the end of Fed stimulus.
Once the domain of institutions and ultra wealthy, hedge funds and private equity funds are seeking ways to tap into the huge pot of 401(k) assets. But given their high fees and so-so returns, investors may be better off avoiding them.
Five-year rally restores $14 trillion to U.S. equity values, helping push participation rate of working Americans to 40-year lows.
Allianz SE, defending its Pacific Investment Management Co. unit against shareholder criticism over declining returns and management infighting, said the bond manager has been a very profitable investment.
“By and large the bond market is over. Maybe you want to put some James Bond in your portfolio,” a top strategist said at the IMCA conference.
Government pushing for greater use of annuities.
Chief architects call plan imperfect but say it will provide economic certainty, help heal wounds.
Regulator's CEO says chances of success are thin but agrees that adviser oversight needs improvement.
A new hierarchy is emerging on the variable annuities scene, as some of the largest sellers announce that their first quarter sales are down or flat. Darla Mercado reports.
