Funds Hub

Money managers under the microscope

from Reuters Money:

The year’s best and worst ETFs

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Dealers work on the trading floor at IG Index in London May 10, 2010. REUTERS/Suzanne PlunkettThe best investments often don't have the highest returns. I know this is heresy to most, yet mass behavior can be a siren song.

About this time every year, we gaze intently at our portfolios, hoping against hope that we did something right. Sometimes we get lucky.

Two years ago, we didn't even want to open the envelope containing the bad tidings of the market meltdown. I kept my mutual fund statements sealed that year.

This year, there's some palpably good news to spread around, although it doesn't necessarily involve the best-performing investments.

from MacroScope:

Press that reset button…

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resetbuttonMohamed El-Erian, CEO and co-CIO of the world's biggest bond fund PIMCO, says 2010 is the beginning of the multi-year resetting of the global economy.

In the period up to the crisis, there were two labels that dominated the world -- Great Moderation and Goldilocks. Not too cold, not too hot. 2009 was about crisis management -- the label was 'whatever it takes'. The 2010 label is post-crisis. It's not just about post-crisis. In our view, 2010 is about multi-year resetting of the global economy. It will be a bumpy journey to the new normal.

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