Banco Popular de Puerto Rico

Michael Arougheti says the move his firm took last year has already boosted stock liquidity and expects it will lure more investors to alternatives.

The hiring will “reflect the changing nature of fund management,” a company spokeswoman said.

Eight of the top 10 have less than $100 million in assets.

There is growing disquiet among those who run and invest in the products about potential problems that might be caused by rate cuts from the Fed.

Only 4% of U.S. retirees are waiting until they turn 70 to claim benefits, the age when payments reach their maximum level.

Investors plowed into bullion-backed funds after the U.S. and China reached a truce in their trade war.

Defined-maturity funds offer traditional fixed-income interest payments.

Real estate, communications, utilities and consumer staples funds have seen the most appetite, with every other sector experiencing outflows.

Many relatively straightforward products have boosted their holdings of lower-rated bonds and emerging markets to juice returns.

Ukraine, Nigeria and Kazakhstan offer opportunities because local developments dominate the direction of their markets, the M&G fund manager said.