Despite large ongoing redemptions among certain foreign-stock categories, those who have stayed invested have earned a positive year-to-date return, says Morningstar fund analyst Shannon Zimmerman.
The base case for a fiscal cliff resolution continues to be a lame-duck mini-deal, but there is now a greater likelihood of so-called tail events, writes PIMCO's Libby Cantrill and Josh Thimons.
Differences in stated returns and investor returns in ETFs are more dependent on time periods and other factors versus destructive investor behaviors spurred by the intraday tradability of ETFs, says Vanguard's Fran Kinniry.
After previously withdrawing its IPO paperwork in December, Artisan readies another IPO. Also, Brandes announced its CEO will step down, TCW says goodbye to two PMs, American Century names a new COO, and Wells Fargo reopens some target-date funds.