Fund performance

Pacific Investment Management Co., the world’s largest bond manager, said global economic growth will be steady over the coming 12 months because of asset purchases by central banks in 2013.

Weekly Update: From BlackRock launching a new iShares ETF to net inflows of $27.94 billion for long-term funds.

Only a few years ago, the top three fund families in the U.S. were nearly identical in size. Not any more.

Municipal mutual funds reported inflows for a third straight week, as the prospect of lower interest rates lured investors.

U.S. stocks swung between gains and losses, after the Standard & Poor’s 500 Index closed near a record, investors awaited testimony from the Federal Reserve’s Janet Yellen and tension increased in Ukraine.

Henderson Group Plc, a U.K. money manager, posted 2.7 billion pounds ($4.5 billion) of net inflows in the fourth quarter as individual clients’ funds pushed the firm to a positive flow for the year.

The world’s biggest bond dealers are showing almost no confidence in the best annual start for Treasuries since 2008.

Mutual and exchange-traded funds are well-positioned for rising interest rates because most of their fixed income holdings are in short-term government bonds, according to Morningstar Inc.

Gold held losses after a two-day drop on expectations that the Federal Reserve will continue to taper stimulus in the U.S. and as holdings in the largest exchange-traded fund shrank by the most in two months.

Municipal mutual funds reported $227.3 million of net outflows, ending a three-week run of inflows, Lipper FMI data showed Thursday.

Investors shifted record amounts out of U.S. stock funds and into bonds, while withdrawing money from emerging-market equities for a 15th straight week, according to Citigroup Inc.

Emerging-market stocks rallied the most in two months after a better-than-estimated American jobless-claims report bolstered optimism about global economic growth. Turkish shares drove gains in world equities.

Gross Says Risk Assets Vulnerable With Economic Growth Slow

Blackstone Group LP, the biggest manager of alternative assets, posted record fourth-quarter earnings as it sold real estate and private-equity investments at a profit. The shares rose the most in a year.

Pacific Investment Management Co., the world’s largest bond manager, expects speculative-grade bond investors to largely collect the coupons paid by the debt in 2014 after an average 20% gain in the last five years.

The iShares MSCI Emerging Markets Index exchange-traded fund fell to a five-month low as an increase in interest rates from Turkey to South Africa failed to prop up currencies. Russia’s ruble slumped to a record low.

With computers increasingly doing the bulk of the trading on Wall Street, correlation between asset classes have become more pronounced, says Lance Roberts, CEO of STA Wealth Management

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