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

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Unfortunately, although there have been horrific events of gun violence, it doesn't seem investors are keeping it top-of-mind.

Todd Rosenbluth
business

You can jumpstart your index fund by cutting the price, there is a Catch-22, though, as you risk reducing the profitability of such a product with that strategy.

Todd Rosenbluth
money
This is the new level of where we are, we're in the silly stage. by Todd Rosenbluth

This is the new level of where we are, we're in the silly stage.

Todd Rosenbluth
top-news

There is much less performance chasing among ESG investors, and that makes them more appealing as an investor base for companies and fund firms alike.

Todd Rosenbluth
environment

The addition of Argentina and Saudi Arabia will add diversification to MSCI emerging market indices that are increasingly weighted to South Asian and tech heavy markets such as China, South Korea and Taiwan.

Todd Rosenbluth
company-news

Investors in bond funds do not like such volatility particularly in a bond fund that is expected to generate stable income streams.

Todd Rosenbluth
money

We're of the belief that there will be greater market volatility for the duration of 2018 and while in theory that gives active managers a chance to buy in on whatever they have missed out on, that volatility could hit the better performers first.

Todd Rosenbluth
money

It's still going to be a challenge to win back investors and advisors that went toward lower-cost, more consistent index based strategies, once you've crossed that river, it's hard to come back.

Todd Rosenbluth
money

Investors tend to view indexed ETFs as purely assets they can buy and ignore, and these changes are a reminder that investors need to regularly look inside their ETFs because the stocks and country weightings can change as the index providers refresh those indices.

Todd Rosenbluth
technology

In the case of TOTL or the DoubleLine Total Return Bond Fund, mortgage exposure has not been helping as it did in the past. Consistent outperformance of an index is hard to achieve as well.

Todd Rosenbluth
money

U.S. equity markets have trended higher in 2016, but mutual-fund investors have been rotating away from these products, while some of this has gone into ETFs, investors appear to be getting nervous as the bull market ages.

Todd Rosenbluth
money

Investors continue to take on some credit risk through investment grade corporate bonds and greater risk with high yield bond mutual funds, rather than the lower yielding and safer government bond funds.

Todd Rosenbluth
money

Ironically, when U.S. equity and international equity mutual funds could have benefited from additional cash as the market sold off, investors became nervous and forced redemptions, the unknown Brexit impact has caused investor uncertainty and while the U.S. equity market recovered, clarity remains limited.

Todd Rosenbluth
money

Investors continued to favor lower-risk bond products focused on investment grade and to a lesser extent government securities than high-yield corporate bonds, to us, this is a preference for income stability in light (of) potentially higher credit default rates in the coming months.

Todd Rosenbluth
company-news

If investors had been concerned about possible Brexit, they would have shifted away from developed international equity products last week. The data confirms that some investors were caught off guard, however, domestic equity outflows continued. But in the prior week, large- and mid-caps had the greatest redemptions. This time it was multi-cap and the 'other' style. 'Other' is a catch-all group of lots of investment styles.

Todd Rosenbluth
company-news

While collectively fixed-income mutual funds continue to gather new money, Pimco's funds have experienced significant outflows in 2015 and the redemptions have continued in 2016.

Todd Rosenbluth
money

TOTL has been the better performer in 2016 of the duo of actively managed ETFs and the one with a long-tenured management team, investors are familiar with both firms' active bond products, but the ETFs are following the same trend of their mutual fund siblings. Pimco's recent mutual fund flows problems have spilled over into the ETF market this year.

Todd Rosenbluth
company-news

Investors continue to wait for more evidence of a strong record of performance under current management of Pimco Total return before reinvesting, assets have gravitated toward funds with both strong records and long tenured management both at Pimco and at other asset managers such as DoubleLine Capital.

Todd Rosenbluth
company-news

Just 21 percent of large-cap funds have outperformed the S&P 500 index in the first five months, hard to justify investors returning to active funds.

Todd Rosenbluth
money

Amid market uncertainty, investors are focusing more on the safety that bond funds provide than the valuations, while the likelihood of a Fed funds rate hike has increased, investors believe the bond yields will move modestly higher in the next year.

Todd Rosenbluth
money