Bond funds

The last time the percentage was greater was when the S&P 500 was near its previous peak before the financial crisis.

Second-quarter costs increased in almost every category for the asset manager including compensation and distribution.

In an effort to weather the assault from index funds, a Scottish firm cuts fees but bets that performance is still key to attract clients.

The firm’s growth last quarter was the biggest since the 2014 departure of its co-founder Bill Gross.

Taxable-bond mutual funds added more than $17 billion in June, while domestic equity funds lost about $15 billion.

Experts say conditions are right for allocations to return to their peak in 2013, potentially unleashing $350 billion of new money.

Corporations, banking trade groups and consumer advocates are looking for favorable legislation from Congress.

The money manager created the new role in order to accelerate the growth of the funds.

Central bank rate policies are artificially driving up asset prices while creating little growth in the real economy, the Janus bond fund manager suggests.

Investors are fleeing debt-riddled companies amid the anticipation of rising rates and growing corporate leverage.