Let May's yield spike be a wake-up call on duration.
Let May's yield spike be a wake-up call on duration.
In a tough week for Marsico, the firm is removed as a subadvisor on two separate funds. Also, Calamos plans dividend and mid-growth funds, Oppenheimer to close Discovery to new investors, and John Hancock makes a raft of portfolio-management changes.
Many Morningstar.com respondents are banking on active management to deliver the goods in the years ahead.
The answers have both short- and long-term implications.
Osterweis knows steep losses can kill a fund and tries to avoid them.
Plus, largest mid-cap value fund to close, Vanguard CIO cautions bond investors, more.
Osterweis' Carl Kaufman sees credit risk near historically low levels, but he's keeping cash in store as conditions are ripe for another correction.
Plus, RiverSource managers depart for Putnam and more fund reopenings.
Plus, changes at Fidelity, Pax World, Osterweis, and more.