Energy has become a value sector and even some of those managers don't want to take on the risk. Todd Rosenbluth More Quotes by Todd Rosenbluth More Quotes From Todd Rosenbluth While at Pimco, Bill Gross had a much broader team of fixed income professionals to help with the portfolios Bill Gross was Bill Gross on, however, it is unclear if the investment approach will change, either positively or negatively. Todd Rosenbluth company-news Through May, the Janus fund declined in value this year, underperforming its peers and the Barclays Aggregate index, despite the strong brand name Bill Gross has with fixed-income investors, a fund with a short record that underperforms will face challenges gathering fresh assets. Todd Rosenbluth company-news Unlike mutual fund investors that tend to be more patient and long-term focused, those in the Pimco Total Return ETF that can trade intraday may have shorter time horizons, as an active ETF lags its peers, investors question whether the higher expense ratio is warranted. The recent underperformance likely played a role. Todd Rosenbluth money If you are fully invested and the market falls, then you are going to fall with it. Todd Rosenbluth money They remain primarily known as a bond shop, and assets in their bond funds have declined as investors were concerned with leadership changes... and periods of underperformance. Todd Rosenbluth money Bill Gross obviously has a brand that resonates with investors but to gather major assets, investors want more - more of a longer track record with more success, bill Gross makes vocal investment calls, but investors want to see it translate into long-term results. Todd Rosenbluth company-news Investors are increasingly optimistic that international markets will perform better than they did in the past. Todd Rosenbluth money This is a fund that doesn't have Google, doesn't have Microsoft. This is a wholly different subset of technology than most investors are familiar with. Todd Rosenbluth business This is a very concentrated fund and while it has companies like IBM that people have heard of, it has a mixture of small and mid cap companies that will fly below the radar for most investors. Todd Rosenbluth business The departure by Bill Gross continues to negatively impact Pimco Total Return, again, this is a slow, drawn-out bleed where institutions change managers after much debate. Outflows for Pimco are likely to continue in the months to come given decisions for some were put off from pension funds, foundations and endowments. Todd Rosenbluth money We've seen continually strong U.S. economic data, but yet not strong enough that it's likely to cause the Fed to act earlier in raising interest rates, that's contributing to a bullish mood for both stock and bond investors. Todd Rosenbluth money If the appeal of the product is that you are in the least risky stocks, then hopefully the portfolios make the changes fast enough. Todd Rosenbluth money There's not a lot of whitespace left that isn't being taken up by passive funds or well-established active funds. Unless it's a fund manager starting up his own shop, the only way for most funds to break in is to market a more sophisticated strategy. Todd Rosenbluth business The concern is that this is hot money looking for a home outside of Pimco and it might not stick. Todd Rosenbluth company-news Pimco Total Return has become a symbol of reduced interest in actively-managed funds, what we've seen is that investors are either leaving traditional mutual funds and going towards ETFs, or they're staying within mutual funds and using nontraditional funds. Todd Rosenbluth company-news The Bill Gross departure encouraged investors to rethink their investment exposure, there are few watershed moments in the mutual fund world that can even compare to the late September change. Todd Rosenbluth company-news Many investors use the end of the year as their chance to shift allocations or revisit their underlying fund holdings. Todd Rosenbluth company-news We still think this fund is risky and there are better options to choose from, but there's still a lot of money tied to this fund. Todd Rosenbluth company-news Unfortunately, as interest rates fell, taking on less risk actually hurt them versus their peers. Todd Rosenbluth company-news Investors have made a knee jerk reaction away from Pimco, but in doing so they need to make sure that what they are buying is a better alternative. Todd Rosenbluth business
