How to Measure the Skills of Your Fund Manager

According to the Investment Company Institute’s Fact Book, in 2015, there were over 16,000 mutual funds, closed-end funds and exchange-traded funds. This is more than the current number of stocks listed on the NASDAQ, NYSE and Amex exchanges. [Editor’s note: As of January 31, 2017, there were over 4,700 stocks listed on the major exchanges…

 

No Changes This Month to AAII Model Portfolios

The October AAII Model Portfolio Update is now available online. “October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.”—Mark Twain It is difficult to think that October could be any worse for investors after a…

 

How Should PIMCO Fund Shareholders React to the Departure of Bill Gross?

“Bond king” Bill Gross is leaving PIMCO, a company he co-founded, to join Janus Capital Group (JNS). Our mutual fund guide shows Gross as the lead manager on eight PIMCO mutual funds. Our exchange-traded fund (ETF) guide shows Gross as the lead manager on one PIMCO ETF. The Closed-End Fund Association’s website shows Gross managing…