The dollar strengthened and Treasuries extended their steepest monthly loss since June 2015 amid hawkish rhetoric from Federal Reserve officials over the past two weeks.
Could there be a limit on how many ETFs the world needs?
Treasuries and related securities at the Newport Beach, Calif.-based firm accounted for 45.6% of assets, rising from 39.7% in June.
The longstanding notion of the U.S. as a respite from negative yields in Japan and Europe is now little more than an illusion.
Although markets were jolted by The UKs vote to leave the European Union, one asset manager says it was a good test.