The gains may help ease the fiscal strain on state and local governments that have nearly $2 trillion less then they need to cover all the benefits that have been promised
It’s better to be cautious now than to hold on until it’s too late, DoubLine Capital's CEO warns.
A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.
Global bond funds also kept their streak alive while money continued to flow out of Asia-Pacific bond funds.
Redemptions from Healthcare/Biotechnology were heaviest since January.
Flows to global equity funds were the smallest since March.