They have more to cheer about than those who own the funds themselves
The weak performance of muni bond funds has clients pulling cash from them ... and calling their advisers. More outflows are likely amid the specter of higher interest rates.
Is cash the new asset king? Since the outlook for bonds is grim, some investors are heading to the money market. One Vanguard analyst says that might not be the wisest move.
Private-equity giant KKR jumps into the closed-end market but rising rates skewer the fund's IPO amid 'chaos' in the market. But there may be a silver lining.
Peter Schiff launches a mutual fund that invests in the precious metal
A pair of Bill Gross-managed closed-end funds have been dragged down in the bond rout. How far down? The two are trading at a discount to their NAV — a rarity.
There's shares and underlying shares and therin lies the confusion.
