Portfolio

On April 19, three weeks before he said the 30-year bull market in bonds was over, Bill Gross announced he was buying TIPS—Treasury Inflation-Protected Securities.

Two wealth management giants, JPMorgan and Wells Fargo, kicked off the second quarter with record earnings despite market and interest rate volatility.

Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows, according to Morningstar.

Global assets under management are set to cross the $70.4 trillion mark by the end of 2013, an increase of $20 trillion from 2008, according to new findings from Cerulli Associates.

U.S. fixed-income mutual funds attracted investor deposits last week, rebounding from redemptions spurred by speculation that the Federal Reserve would scale back its unprecedented stimulus, while bond exchange-traded funds had withdrawals.

Over the past decade, firms offering clients their own investment products increasingly lost ground to those recommending an open architecture array of investment options from outside managers, but there has been a recent resurgence in proprietary management among wealth managers.

A majority of asset managers said the Federal Reserve’s recent decision to slow the pace of its bond buys will lead to higher interest rates in the next three months, according to a quarterly survey of investment managers by Northern Trust.

Mutual fund liquidations have risen within the first six months of 2013 compared to the same period last year.

Municipal bond fund outflows for the week of July 10 rose to $1.2 billion from $870 million the prior week.

Raymond James lured six advisors with over $350 million in client assets to its independent channel, the company announced Thursday.