Banco Popular de Puerto Rico

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.

An unprecedented 58 funds were closed in the six months through June, marking the industry’s worst-ever start to a year.

The firm is snapping up five- and 10-year notes as it predicts slowing inflation and trade tensions will push the Fed to lower its benchmark 75 basis points.

New products give institutional investors a fresh way to exploit the rise of machines.