Despite declining yields, taxable-bond funds continued to dominate inflows, taking in another $16.9 billion in April, bringing its total inflows to date at $96.9 billion, according to Morningstar, Inc.
The subset remains roughly on track to match 2009's record inflows of $282.5 billion.
The PIMCO Total Return led all funds in April with inflows of $2.7 billion, the fund's strongest month since August 2010, according to Morningstar.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
