Stocks Morningstar Inc

More

  • Rob Arnott, chairman and founder of Research Affiliates LLC, speaks at the Morningstar Investment Conference in Chicago, Illinois, U.S., on Thursday, June 24, 2010.

    The in-vogue investment style's popularity could hurt performance, leaving investors nursing large-scale losses, the FT reports.

  • Traders

    Niche funds, riskier but potentially outperforming traditional ETFs, let investors tilt for more income, tax efficiency or rate protection.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a higher open on Wednesday as oil rallied on hopes of a deal to freeze production at January levels.

  • NEW YORK, Jan 5- Mutual funds pitched to retail investors as hedge funds for the everyman promise to shield them from market gyrations, but many in 2015 proved just as exposed to market risks as their plain-vanilla counterparts. Last year, 64 alternative mutual funds were liquidated or merged into other funds, compared with 40 funds that were weeded out in 2014,...

  • Jan 3- Investors poured $347 billion into exchange-traded funds globally during 2015, fund-manager BlackRock Inc said on Sunday, setting a new record for the industry. BlackRock said its own haul of $130 billion in new money also set a record in global flows for its iShares ETF business, surpassing the previous annual record set in 2014, when investors added...

  • Dec 29- The lopsided performance of exchange-traded funds tracking China's turbulent domestic markets is stanching the flow of new money into a market that once excited investors. Investors pulled $418 million out of ETFs tracking Chinese stocks that trade on the Shanghai and Shenzhen exchanges in the year to Dec. 21, withdrawals representing more than half...

  • NEW YORK, Dec 22- As the U.S. dollar strengthened throughout 2015, managers of currency-hedging exchange-traded funds had a banner year- they collected one of every four dollars invested in U.S. That could be reflected in some of the new fund proposals from BlackRock Inc's iShares unit and WisdomTree Investments Inc. Both plan to launch funds that continually...

  • BOSTON, Dec 17- Third Avenue's Focused Credit Fund built up a $200 million cash position in the days before its collapse, but that was not enough to meet redemptions because it could not sell even its most liquid assets. New York- based Third Avenue, which shocked Wall Street with its move to shut down the junk bond fund on Dec. 9, described the final days of its...

  • BOSTON, Dec 14- Billionaire hedge fund manager Marc Lasry on Monday backed a junk bond mutual fund hemorrhaging assets at his Avenue Capital Group as jittery investors exit high-yield bonds amid a market rout. Investors have taken note that Lasry's $884 million Avenue Credit Strategies Fund is run by the same portfolio manager who in 2009 helped launch the...

  • Investors have taken note that Lasry's $884 million Avenue Credit Strategies Fund is run by the same portfolio manager who in 2009 helped launch the Third Avenue Focused Credit Fund, which abruptly shut down last week and blocked investor redemptions, fund disclosures show. And Lasry's Avenue Capital, a powerhouse in the distressed investing sector, has...

  • NEW YORK, Dec 13- It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. "People have a thirty-second memory," said Katz, 65, co-chairman at Evensky& Katz/Foldes Financial Wealth Management. Investors have taken home an average 7.5 percent in...

  • BOSTON, Dec 11- U.S. junk bond fund managers said on Friday they are shying away from big cash trades after liquidity in the high-yield market took another hit from the meltdown of the Third Avenue Focused Credit Fund. Third Avenue's decision this week to block redemptions and liquidate a fund with $789 million in assets jolted Wall Street and caught the...

  • BOSTON, Dec 11- U.S. junk bond fund managers said on Friday they are shying away from big cash trades after liquidity in the high-yield market took another hit from the meltdown of the Third Avenue Focused Credit Fund. "Liquidity is bad," said Gershon Distenfeld, portfolio manager of AllianceBernstein's $5.8 billion High Income Fund. "There's not a lot of cash bond...

  • At least one-fifth of Third Avenue's Focused Credit Fund, with less than $1 billion under management, was composed of illiquid assets, meaning they trade so infrequently that they don't have a market price, according to a Reuters analysis. AllianceBernstein's AB High Income Fund has the biggest holdings on a percentage basis this year among the largest junk...

  • Dec 8- The U.S. Food and Drug Administration approved Alexion Pharmaceutical Inc's treatment for a rare genetic disorder that could lead to multi-organ damage and death. Kanuma, which was added to the drugmaker's pipeline in June through its acquisition of Synageva BioPharma Corp, could be priced $300,000 to $400,000 annually, MorningStar Inc analyst Stefan...

  • Dec 7- The bond investing firm Pacific Investment Management Co on Monday named two former central bank chiefs and a former British prime minister to sit on a new board to advise on economic, political and strategic developments. The board also includes Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011, and Gordon Brown, the U.K. prime...

  • The Pimco Global Advisory Board includes Ben Bernanke, who chaired the U.S. Federal Reserve from 2006 to 2014 and was named a senior Pimco adviser in April, and Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011.. It also includes Gordon Brown, the U.K. prime minister from 2007 to 2010; Ng Kok Song, who was group chief investment officer of...

  • BOSTON, Dec 1- Will Danoff, one of the U.S. mutual fund industry's best stock pickers over the past 25 years, is tapping the brakes on funding so-called unicorn companies, saying the prospects for fast growing private businesses before they go public may be fading. Danoff, 55, is not a household name and lacks the swagger of hedge fund managers such as Pershing...

  • NEW YORK/ HONG KONG, Nov 13- MSCI will add Alibaba Group, Baidu.com and a dozen other Chinese companies listed overseas to its emerging market index from Dec 1, a move reflective of the changing economic landscape that is likely to draw investments of $70 billion. Alibaba, the world's biggest e-commerce company, is the largest of the 14 U.S.-listed Chinese stocks to...

  • *Gross' $200 mln lawsuit alleged breach of contract. Nov 9- Saying the billionaire known as the "Bond King" should cease engaging in "reputational warfare," Pacific Investment Management Co said co-founder Bill Gross' lawsuit accusing it of driving him out so others could divvy up his bonus should be thrown out. In papers filed on Monday with a state court in Orange...