Newsletter BOX: Reuters Money: Investors yank $11 billion from Pimco U.S. mutual funds in August: Morningstar

09/9/2013

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Investors yank $11 billion from Pimco U.S. mutual funds in August: Morningstar

NEW YORK (Reuters) - Pimco, manager of the world's largest bond fund, had outflows of $11 billion from its U.S. mutual funds in August, marking the second-biggest monthly withdrawals on record as a selloff in the bond market continued, Morningstar data showed on Friday.

Big reinsurers shrug off competition from pension funds

FRANKFURT/ZURICH (Reuters) - The world's top reinsurers have shrugged off a growing incursion by pension funds into their business, saying the competition was narrowly focused and possibly of limited duration.

India, Rajan and the Great Man fallacy: James Saft

(Reuters) - Enthusiasm for new Indian central bank head Raghuram Rajan is understandable, but blind faith in him is misplaced.

Stock funds worldwide have $11.4 billion outflow in week: Bank of America

NEW YORK (Reuters) - Investors pulled $11.4 billion out of stock funds worldwide in the latest week, marking the third straight week of outflows despite a rise in U.S. stocks, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

Global economy has become increasingly unstable: Pimco's Gross

NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said on Thursday the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasuries.

Financial gurus reminisce about first jobs

NEW YORK (Reuters) - When some veterans of American finance told Reuters about their first jobs, they never expected it to become an Internet meme.

U.S. moves to expand business R&D tax break

WASHINGTON (Reuters) - Think you have a new way of making wine? There could be research tax breaks for that.

Short-sell hedge funds count cost as M&A picks up

PARIS/LONDON (Reuters) - Hedge funds circling the stock of vulnerable companies got an expensive wake-up call this week with Nokia's dramatic exit from commercial purgatory, prompting many to reassess their targets.

The unwelcome return of risk-on, risk-off

(Reuters) - After ebbing for most of the year, correlations are creeping back into financial markets.

Energy boom a windfall for U.S. family income: study

NEW YORK (Reuters) - American families will earn more money in the coming years as dollars from the nation's oil and gas boom trickle down to the average person, consultants IHS said in a report released on Wednesday.