Mon, 10 Mar 2014
With Wadhwaney retiring, comanager Matthew Fine will assume responsibilities as Third Avenue International Value's sole lead manager.
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.
Passive equity funds, noncore bonds , alternatives, and many of the fund shops that sell them fared well last year, while core bonds , commodities, and gold suffered.
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.
Most Vanguard funds delivered another solid year in 2013, but management changes and a shift out of its fund comfort zone are things to watch this year.
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.
©2014 Morningstar Advisor. All right reserved.