Since the credit crisis began unfolding, many strange things have occurred in the fixed-income markets. Among the strangest has been the downturn of municipal bonds. High-grade municipals have long been considered reliable investments, but during...
I used to think that socially responsible investing (SRI) was basically the politicization of investing. Our society has become so politicized these days, I have heard people politicize food; when, in truth, we should be striving to maintain a...
Can, say, an oil company, be considered an eco-responsible company? What about a company that caters to “non-married” lifestyles? Is that “socially responsible”? One man's virtuous stock is another man’s sinful stock.
Bloomberg.com is reporting today that the legendary fund manager Bill Miller has lost his touch. After 15 years of outperforming the S&P 500, Miller, the manager of the Legg Mason Value Trust (LMVTX), has slipped into a funk, and assets in the...
They've got a lot of competition these days from so-called alternatives like ETFs and other products, many of which have been quickly lapping up new assets in recent years. But mutual funds' all-out dominance of the vast U.S. investment universe...
For 25 years, Alan Gladstone picked individual stocks for clients. Then five years ago, Gladstone, a senior vice president and financial advisor for Morgan Stanley, began switching to exchange-traded funds. Today nearly all his client assets are...