Since December, almost $90 billion has been withdrawn from mutual and ETFs, exceeding outflows from all but one year at this point of time in data going back to 1984.
Federal Reserve Chair Janet Yellens speech Friday was hawkish enough for Goldman Sachs to boost the odds of a September interest-rate increase, while Pimco said there was nothing of note in her remarks.
"Most people think, I want a manager who's doing credit research, adjusting for duration, looking for blowups," says BlackRock fixed income strategist Karen Schenone.
Hedge fund manager Bill Ackman maintained his bet against Herbalife even after the company reached a $200 million settlement with the U.S. Federal Trade Commission.
After a five-year slump marked by mine closures and losses, gold producers are now worth twice what they were in 2015.