In an <i>InvestmentNews</i> exclusive, the Bond King explains his 'constructive obsession' with defeating rivals and answers advisers' burning questions. <b>More coverage: <a href="http://www.investmentnews.com/section/specialreport/20141006/GROSS" target="_blank">Our special report on Gross' next chapter</a></b>
In a Take Five interview, the adviser-coach says traditional advisers risk irrelevance if they can't respond to firms like Wealthfront and Betterment.
Research firm cites "uncertainty regarding outflows" and shuffled management as the reasons for downgrading Pimco's flagship fund.
Firm says it can manage outflows successfully.
The decision comes on top of record outflows for the Pimco Total Return Fund, as Schwab cites "ongoing organizational changes" as a cause of action.
Bond behemoth has opportunity to recast its image, but analysts and advisers predict significant outflows. <i> Plus:</i> <a href="//www.investmentnews.com/article/20140926/FREE/140929925/bill-gross-terrible-horrible-no-good-very-bad-year"" target=""_blank"" rel="noopener">Pimco's pitiful year.</a> <a href="//www.investmentnews.com/article/20140926/BLOG09/140929934/what-bill-gross-departure-means-for-pimcos-funds"" target=""_blank"" rel="noopener">How bad will it get?</a>
As new CIO, longtime Pimco manager will have to fill the shoes of an investing legend at a difficult time. <i>Plus:</i> <a href="http://www.investmentnews.com/article/20140926/FREE/140929928/advisers-blindsided-by-gross-departure-as-pimco-faces-rebuilding" target="_blank">Advisers 'blindsided' by Gross departure as Pimco faces rebuilding</a>
More than 600 funds have exposure to Argentina's debt, but consequences may be limited for investors.
New three-person team at the world's largest bond fund says they can handle outflows and will rely on a similar strategy to the departed Bond King.
Regulator reportedly questions whether fund company artificially boosted returns in its big fixed-income ETF by relying on lofty valuations; smaller firms could be at risk.
