Bill Gross adds management duties on PIMCO Unconstrained Bond while its longtime manager is on a sabbatical, Arif Husain taking over T. Rowe Price International Bond, and more.
May flows data show investors are putting money to work in nontraditional fixed-income holdings, as well as emerging-markets equities, for perceived better returns.
Many managers are of the mind that rates have gone about as far as they're going to go for a while, so investors probably don't want to exit the bond market while their funds are down, reports Morningstar's Eric Jacobson. Plus, get an update on fund category performance in the second quarter as well as updates on fund leaders and laggards, including PIMCO Total Return.
As yields rose, both taxable- and municipal-bond funds saw record monthly redemptions in absolute terms in June.
Investors appeared to be trading interest-rate risk for equity and credit risk in the wake of this summer's rate-driven bond volatility.
Director of fund research Russ Kinnel explains how Morningstar analysts rate some of the fund world's biggest recent asset gatherers (and losers).
How to ensure the medicine isn't worse than the disease.
Many investors may inadvertently be casting their lot with a single economic scenario.
Income-hungry investors sought out niche fixed-income funds like bank-loans and non-traditional bonds in the first quarter, while the so-called great rotation into stocks is not yet confirmed.
After strong flows into stock funds earlier this year, investor interest in equities is waning as bond funds remain in high demand, says Morningstar's Mike Rawson.