Portfolio

William Blair Funds has introduced the William Blair Small-Mid Cap Value Fund, aimed at delivering long-term capital appreciation and portfolio diversification by taking moderate risk.

The $241 billion PIMCO Total Return, which has underperformed its peers over the past year -- returning 3.48% year to date -- has been hit with $17 billion in outflows, Morningstar data shows. By comparison, taxable bond funds, which are up 5.87% YTD, took in $105.8 billion in inflows over the past 12 months.

Eleven of these additions are also being made to the Russell 2000 Index. Fifteen of the IPOs are also becoming part of the Russell ex-U.S. Index—12 of which are in Asia-Pacific, eight in emerging markets and four becoming part of the Russell Greater China Index.

Russell Global Index is absorbing 31 initial public offerings for the fourth quarter, effective Monday, Dec. 19.

William Blair Funds has introduced the William Blair Small-Mid Cap Value Fund, aimed at delivering long-term capital appreciation and portfolio diversification by taking moderate risk.

The $241 billion PIMCO Total Return, which has underperformed its peers over the past year—returning 3.48% year to date—has been hit with $17 billion in outflows, Morningstar data shows. By comparison, taxable bond funds, which are up 5.87% YTD, took in $105.8 billion in inflows over the past 12 months.

Invesco has launched the Invesco Premium Income Fund, aimed at investors looking for current income streams, the investment management firm announced. The strategy is designed “to provide protection during periods of economic stress” while still meeting income goals, the firm said in a statement.

Here are a dozen gifts (plus one) which could ruin your holiday spirit -- and pocketbook -- if FINRA decides you have crossed the line and been too generous.

Investors pushed stocks higher for the first time this week Thursday after an initial jobless claims report checked in at a three-and-a-half week low and the Philadelphia’s Fed’s Business Outlook for December came in with a 10.3 reading – dramatically higher than the 4 score most economists had predicted.

Advisors agree almost unanimously that volatility will be a force to reckon with in the next two years, but 38% are not using managed volatility strategies in client portfolios, according to an SEI poll of 200 financial advisors.