Mutual funds

After corporate debt investors suffered through the worst-ever start to a year, some of Wall Street’s biggest money managers and strategists say it’s time to start buying.

Municipal demand and prices are up so far this year, buoyed by market technicals, according to Jeffrey Lipton, head of municipal research and strategy at Oppenheimer.

Legg Mason broadened its alternative investments capabilities and also made a deal to expand its ETF business.

Third Avenue Management was sued by an investor who said the firm failed to maintain adequate liquidity despite signs the fixed- income market was increasingly volatile.

Record redemptions, regulatory pressure and market volatility took their toll. But these 10 open-end high-yield bond funds are the largest trading in the U.S., and we've ranked them by net assets.

The slide of steadfast high-yield bond funds has advisors and their clients wondering what comes next.

Investors pulled more than $2.1 billion out of U.S. ETFs that invest in emerging markets last week, the most since August. China and Hong Kong led the losses.

Fund flows over the course of a number of years now have been pointing decidedly in favor of passive strategies, he says, be they index, mutual funds or ETFs.

AQR Capital managed the top-performing liquid alt fund in 2015, returning 17.6%.

Invesco acquired Jemstep, a robo solution for advisors, for an undisclosed sum. It's the latest in a line of digital advice moves from asset management giants, which began in earnest last year.