Wed, 11 Dec 2013
Montier snaps at smart beta and risk parity.
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.
As yields rose, both taxable- and municipal- bond funds saw record monthly redemptions in absolute terms in June.
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.
Vanguard's Ken Volpert cautions investors about a rise in short-term rates, and also offers his thoughts on the U.S. debt ceiling as well as Vanguard's TIPS, international- bond , and total bond market funds.
As rates remain low, many investors overlook the risks of higher-yielding fixed-income assets; instead, they should maintain low-cost, well-diversified portfolios, says Vanguard's Fran Kinniry.
While investors continue to devote money to passive equity funds, active equity offerings also picked up a decent chunk of investor dollars last month.
Morningstar's Dan Culloton sizes up the fund firm's top and bottom performers year-to-date, discusses CIO Gus Sauter's impending retirement, and more.
Investors appeared to be trading interest - rate risk for equity and credit risk in the wake of this summer's rate-driven bond volatility.
Interest in dividend-paying stocks and bonds remained high as the market eyed the Fed.
Some Morningstar.com readers are rethinking their fixed-income exposure, while others are sticking with their plans.
Investors continued their search for income in May, as the future of monetary policy came into sharp focus during the month.
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