Funds News
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David Blain, a financial adviser in New Bern, North Carolina, likes exchange-traded funds so much he’s put all his clients’ money in them. He also thinks individual investors trading ETFs on their own may be in for surprises when markets come under stress.
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Samsung Electronics Co. lost $25.3 billion in market capitalization last month, more than the value of competitor Sony Corp., as sales of its flagship Galaxy S4 smartphone fell short of investor expectations.
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Relational Investors LLC’s two activist asset-management funds gained about 25 percent and 33 percent in their fiscal year as campaigns at Hewlett-Packard Co. and Timken Co. rewarded shareholders, a person with knowledge of the performance said.
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Investors who poured $1.26 trillion into bond funds in the past six years pulled out record amounts of cash last month, leaving the world’s biggest fixed-income managers struggling to stem the flow.