Central bank has few levers to pull and QE's unintended consequences could sting.
Fund companies moving to meet demand for short-term high-yield-bond funds.
But fixed-income outflows slow to $2.09B for week ended Aug. 7
Bond investors trying to determine when the Fed will reduce its unprecedented monetary stimulus are increasingly looking to the riskiest parts of the debt market, which are booming like before the financial crisis.
Some fear overreaction from retail investors as Fed begins reducing QE
Classic 60/40 gains favor as interest rates rise
Sextant Global High Income Fund can go anywhere in search of yield.
High-yield market isn't overheated yet, but it's getting close, he contends
New list includes offerings to meet advisers' needs, reflect market action.
New normal for muni bonds in Michigan means tasty yields for investors willing to take some risk.
Bill Gross' off year continued as investors pulled another huge amount from his flagship fund last month. Is there an end in sight?
'Duration' could become the next great risk for investors, Pioneer's Michael Temple says
Investors losing sight of need for volatility buffer; many jumping into far riskier products
Asset allocation funds offer investors varying levels of volatility.
What Jeff's reading today: Jail time for adviser who ripped off her NFL linebacker client, plus: the taper question, 98% chance of a market crash next year, the yen-dollar trade, New Yorkers dodge taxes, and (surprise!) Congress wastes your money.
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.
