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Morningstar Inc

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  • BOSTON, March 4- Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission. "CITs are more opaque to the outside world because reporting requirements are not as stringent," said Michael Rawson,...

  • BOSTON, Feb 13- A massive effective devaluation of Venezuela's bolivar currency will likely badly dent 2015 earnings at a swath of major U.S. companies. Currently those assets are valued based on the main official rate of 6.3 bolivars to the dollar, or a second rate at 12 bolivars. Some companies, such as diapers and tissue maker Kimberly-Clark Corp, had recently...

  • Though some portfolio managers including Pimco and Van Eck Global have pared their exposure in recent months, Venezuela remains among the largest positions for U.S. funds that focus on emerging market debt. The $4.6 billion TCW Emerging Markets Income Fund also has kept an overweight position, with 5 percent of assets invested in Venezuela.

  • NEW YORK, Feb 5- Morningstar Inc said on Thursday its estimated net outflow for the Pimco Total Return for January was $12.5 billion, or 9 percent of end-December assets of $143.4 billion. Morningstar said total assets in the Pimco Total Return Fund at the end of January were $134.6 billion. Pimco said on Tuesday that investors in January yanked $11.6 billion from...

  • Feb 4- The Templeton Global Bond Fund, one of the biggest investors in Ukraine bonds, weathered a 29 percent hit to the market value of its holdings in the worn-torn country's debt during the fourth quarter. The market value of the fund's Ukraine bonds fell to $1.8 billion at the end of December, down from $2.53 billion at the end of the third quarter, according to the...

  • Most recently, Murphy served as a director at investment firm BlackRock Inc. She will be based in Stamford, Connecticut. Prior to joining the role, Glotzbach served as senior vice president of retirement solutions at Morningstar Inc. She will work out of the San Mateo office. She will relocate from Melbourne, Australia, to San Mateo.

  • BOSTON, Jan 20- Fidelity's $110 Billion Contrafund has trimmed a roughly $7 billion stake in Google Inc because of portfolio manager Will Danoff's view that the stock faces a potentially choppy market over the short term. Contrafund is the largest U.S. mutual fund investor in Google's stock, which had been its top holding. But Google shares, down 11 percent over...

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • Janus profit up after Gross helps bring inflows Thursday, 22 Jan 2015 | 11:30 AM ET
    Bill Gross during CNBC interview

    Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.

  • BOSTON, Jan 22- Asset manager Janus Capital Group said on Thursday that fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Denver- based Janus reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year...

  • BOSTON, Jan 22- Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Janus on Thursday reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year earlier.

  • BOSTON, Jan 22- Warning to mutual fund investors: the tax man is coming. U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances. It's what you keep, " Boston- based Eaton Vance, which has nearly $300 billion...

  • BOSTON, Jan 20- Fidelity's $110 Billion Contrafund has trimmed a roughly $7 billion stake in Google Inc because of portfolio manager Will Danoff's view that the stock faces a potentially choppy market over the short term. Contrafund is the largest U.S. mutual fund investor in Google's stock, which had been its top holding. But Google shares, down 11 percent over...

  • BOSTON, Jan 13- A slide in Ukraine bond prices continues to haunt U.S. bond fund star Michael Hasenstab, whose multibillion-dollar bet on the troubled country's debt is in turmoil as analysts predict a major restructuring that could spell losses for investors. In recent weeks, Ukraine bond prices have plummeted to less than 60 cents on the dollar on some issues.

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...

  • NEW YORK, Dec 4- When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo& Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California- based money manager. For example, the two-year-old, $576 million JPMorgan Global Bond Opportunities Fund, received $346...

  • How to find active manager for unsafe bull market Monday, 24 Nov 2014 | 9:23 AM ET

    This bull market run has been great for index funds but terrible for active managers trying to beat them. That trend may soon change.

  • Which US retailer is poised for a holiday haul?   Wednesday, 19 Nov 2014 | 9:32 PM ET
    Which US retailer is poised for a holiday haul?

    Paul Swinand, Equity Analyst at Morningstar, expects Macy's and Target to see good sales in the upcoming holiday season while Kohl's may continue to struggle. He also explains what that means for investment strategy.