Fund performance

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

U.S. Stocks Advance on Apple’s China Deal, IMF Economic Outlook

Nasdaq Price System May Take Years for Structured Note Progress

Ex-Morgan Stanley Fund Manager Must Pay Back $31 Million

Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal

CFTC Opens Probe Into Fees Charged by Managed Futures Funds

Leading Indicators in U.S. Rose More Than Forecast in November

Pimco Says Growth Abroad May Lift ‘Not Stellar’ Asia Economy

Treasuries Snap Advance Before Fed Announces Decision on Taper

John Bogle on Founding Mutual Fund Giant Vanguard

Omers Pension Names Michael Latimer New CEO as Nobrega Retires

JPMorgan Reaches Record $13 Billion Mortgage Pact With U.S.

New ETF Products Aim for Higher Yield

GMO’s Inker Sees U.S. Stocks Losing Ground in Next 7 Years