Friday, January 27, 2012
CLOSED-END FUND WEEKLY
Comparing the performance of unleveraged municipal CEFs with that of open-end funds shows that the CEFs outperform over the long run.
STOCK ANALYST NOTES
High commodity costs, foreign exchange headwinds, and overly aggressive price actions assailed Procter & Gamble's results in the second quarter.
FUND MANAGER Q&A
BlackRock's Rick Rieder touches on what still has yet to be addressed in the eurozone and where he's investing in sovereign risk.
VIDEO REPORT
The PIMCO Investment Grade Corporate Bond manager says a growth slowdown and resultant move by central banks have made the team more optimistic on duration. Plus, he explains the fund's focus on bank bonds.
Funds
FUND TIMES
Plus, Fairholme's Berkowitz will defend stock picks and more.
Real Life Finance
ETFs
ETF INVESTING
Correlations have increased across the market, but a few bastions of diversification remain.
Perspectives
PERSPECTIVES: PIMCO
Record levels of corporate high-yield debt and leveraged loans outstanding in the U.S. and Europe, together with a modest economic growth outlook and more limited access to capital, are laying the groundwork for an escalation in distressed activity.
Stocks
STOCK ANALYST NOTES
Morningstar's Adam Fleck notes that quarterly declines seen in 3M's display and graphics and electronics units have tended to lead weakness in the other segments in the past.
Bonds
CEFs
Market Barometer
Lg
Md
Sm
Value—Growth
Day Return
+1.25%
0
-1.25%
1Wk Return
+1.25%
0
-1.25%
1Mo Return
+4%
0
-4%
3Mo Return
+8%
0
-8%
1Yr Return
+20%
0
-20%
3Yr Return
+20%
0
-20%
1Wk1Mo3Mo1Yr3Yr
Jan 27
Market Consensus
3.2%
Actual
2.8%
Market Consensus
1.5%
Actual
0.4%
Market Consensus
74.2
Actual
75.0
Market Consensus
NA
Actual
Market Consensus
NA
Actual
Market Consensus
NA
Actual
Market Indexes
DJIA
12,690
-44.5
-0.3%
S&P 500
1,319
0.9
0.1%
NASDAQ
2,820
14.9
0.5%
Morningstar U.S. Market
3,322
6.0
0.2%
Morningstar Small Cap
5,083
46.0
0.9%
$1,735.60
0.52%
Feb 12
$99.67
-0.03%
Mar 12
$2.77
4.22%
Mar 12
Maturity
%Yield
6 Month
0.08
2 Year
0.22
5 Year
0.77
10 Year
1.96
30 Year
3.10
1 Yr Ago
Last Close
Data as of last close
  
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