Fixed income

There’s more on investors’ minds than fees after U.S. stocks suffered their worst year in a decade, a new study finds.

“Pretty much every central bank is now talking about global downside risks, and that’s helped bonds rally,” a portfolio manager says.

Multiple rate hikes by the Fed last year contributed to less-than-stellar results.

Data reported by the Investment Company Institute.

Trade tension and a record-long government shutdown have left many in the “more defensive parts of the market,” one TD Ameritrade strategist says.

At Pimco, the fixed-income giant he co-founded, Bill Gross racked up one of the longest winning streaks of any money manager.

The emerging markets credit fund will pursue long-term investments in conditions that the manager says may already equate to a bear market.

The pessimism is especially unusual given that the group’s asset flows haven’t moved opposite the market in more than a decade.

It’s often hard to know just what is driving investor decisions.