Fixed income

Economic damage wrought by the coronavirus has not stopped investors from piling into the companies able to churn out profits in the stay-at-home world.

Brokers and fund managers are turning to innovation to remain competitive and capture new customers.

Citadel Securities is humming at record pace as the coronavirus upends finance, moving dozens of employees and their families to a work-from-resort bubble.

There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.

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

Dubbed Disco III, the fund will target leveraged loans, high-yield bonds and collateralized loan obligations.

Total net assets in Michael Hasenstab's Templeton Global Bond Fund slumped to $22.6 billion as of March 31, public filings show.

There’s more money at stake when executing trades in current market uncertainty.

The firm’s chief investment officer spent as much as a third of that on high-yield funds, according to people with knowledge of the matter.

While the central bank’s support may help keep credit flowing amid the coronavirus, “it doesn’t necessarily improve the outlook for bankruptcies.”

The $349 billion stimulus package from the Small Business Administration provides loans to cover payroll, rent and utilities for up to eight weeks.

The fund ditched its tail-risk protection weeks before the coronavirus sent stocks into a tailspin, according to people familiar with its decision.

The firm sees "light at the end of the tunnel," says Silvia Ardagna, managing director in the investment strategy group within the firm's private wealth management unit.

“This market environment is a very good one for investors to do a self-awareness check,” an expert says.

“Ideally, you would like clients to try not to make really short-term decisions, however this is an unprecedented situation,” an expert says.

It’s impressive how quickly a two-day plunge affects the tone of bulls.

The funds are also some of the lowest-duration products in the market.

The central bank’s pledge to buy investment-grade credit and certain funds helped spark a rally in higher-rated debt.

Asset managers may need to reassess the assumption that’s become widely held in recent years: that inflation is dead.