Mutual funds

Municipal bond sales in the U.S. are set to increase in the next month while the amount of redemptions and maturing debt falls.

Market corrections provide an opportunity to rebalance into equities at lower prices and glean dividend income.

Turmoil in financial markets prompted investors to pull $27.3 billion from U.S. mutual funds last week, the biggest withdrawal in more than two years.

Pacific Investment Management Co.’s flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013 peak.

Three-quarters of economist surveyed by Bloomberg in August say the Fed will lift the upper bound of its target rate to 0.5 % at its Sept. 16-17 meeting.

The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last month through Aug. 28 as bets against commodities and currencies paid off.

Advisors and their clients may be rewarded for not joining the flight from tax-exempt bonds.

Bank of New York Mellon, which has been plagued for the past week with computer problems that prevented it from providing prices for mutual funds and ETFs, said today it has provided net asset values for both through Friday.

"BlackRock is potentially a very powerful partner for advisors," says Sean McDermott, Corporate Insight analyst.

Mutual fund giant Fidelity Investments is warning deflationary pressures in the U.S. are building.