Fund performance

The debate that has taken added urgency amid the ascent of passive funds.

Gold prices this year were up 20% and heading for their first annual gain since 2012 until Donald Trump was elected president.

Fixed-income funds lost money as interest rates surged following the surprise Nov. 8 election of Donald Trump.

Amundi Asset Management, Schroder Investment Management and Morgan Stanley are among those predicting a rebound following the post-U.S. election pullback.

President-elect Trump will likely to be "bond unfriendly" because his proposals will drive up yields by increasing national debt and stoking inflation, Gundlach predicts.

Just 23 of more than 1,750 funds that trade in the U.S. focus on currencies. BlackRock has none.

"An investor should move to cash and cash alternatives," he advised.

Recent news and short term performance is good; longer term questions linger.

Its managers are debating whether it's time to move away from so-called secular growth companies.

For the second time this year, trading has exploded on the nation's exchanges.