Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO Total Return Fund Cuts Emerging Debt to Lowest Since 2014
By Wes Goodman, BloombergEmerging bonds decline to 9.4% of assets from 28.9% in August; PIMCO has been reducing risk, Dan Ivascyn says in a market outlook.
May 09, 2016
Top Portfolio Products: Pershing Adds 3 Robo-Advisors to Its PlatformThis week's new products and services include three robo-advisors added on one platform and six new options in an investment-only variable annuity.
May 09, 2016
Low Mutual Fund Fees Predict Higher Returns: MorningstarThe expense ratio of funds is "the most proven predictor of future fund returns," according to Morningstar's Russel Kinnel.
May 09, 2016
Value Funds Are Leading in 2016, From Small Cap to Large CapWhy value stocks are outperforming growth stocks this year.
May 09, 2016
Bill Gross, Mohamed El-Erian Warn Against Counting the Fed OutU.S. rate increase may come in June as wages rise, Gross says; El-Erian and others say two Fed moves are possible this year.
May 09, 2016
Volatility, Politics Grab Advisors' Attention in Q1: FidelityTwenty-eight percent of advisors said volatility was top of mind, up considerably from the fourth quarter, Fidelity found.
May 06, 2016
The job market's missing middleMany people are unhappy about the U.S. economy, which generated more than 12 million jobs over the past five years. It might be because those jobs dont pay very well.
May 06, 2016
The Golden Age of Investing Is Over: McKinseyInvestors must reset expectations, the consultants argue, predicting returns will drop by 150 to 400 bps over the next few decades.