Banco Popular de Puerto Rico

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.

With few corners of the fixed-income industry safe from harm, investors’ faith in managers appears to be intact — for now.

There’s a lot to complain about these days, from the effectiveness of the government’s $3 trillion stimulus package to unlimited quantitative easing.

Withdrawals this year have equaled almost half of last year’s inflows, leaving Pimco with net outflows of $46.8 billion in the first quarter.

For better or worse, investors have mostly turned around the fortunes of risky assets entirely on their own.

With many clients already home from work because of the pandemic, advisors are being asked why not now? For most, even the wealthy, the answer is clear.

Don’t expect significant changes anytime soon to longstanding complaints about conflicts of interest in the “issuer pay” model of the ratings business.

The central bank’s own data show that slightly more than half of U.S. households own stocks. But that doesn’t come close to telling the whole story.

The bank has been in turmoil relative to peers for years. The economic fallout from the coronavirus pandemic only made matters worse.

Wall Street criticizes rookie investors for driving up stock prices, but there is little evidence supporting the narrative.