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☆ Retirees are about to shift money into equity income, boosting these stocks, says Bank of America
▼ + stars: | 2024-02-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Money market fund assets had $6 trillion as of Jan. 31, according to the Investment Company Institute . "Retirees have shifted assets to cash for income, but an easing cycle could drive them to equity income funds. AT & T has the highest current dividend yield of those six stocks, at more than 6%. However, Bank of America projects big dividend hikes in the coming years, and the stock is already up 15% in 2024. It is unclear how much of the cash parked in money market funds will flow back into the stock market.

Persons: Savita Subramanian, Ford, Morgan Stanley Organizations: Bank of America, Investment Company Institute, Dow Inc, Simon Property Group, Merck, Simon Property, Ford

☆ Nearly $6 trillion is sitting in money market funds. Here's where that cash can go next
▼ + stars: | 2023-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Money market funds were a hot item this year, but it may be time to think about shifting some of that cash into other investments. Investors flooded into the funds, bringing the total assets to $5.89 trillion for the week ending Dec. 13, according to the Investment Company Institute. The Crane 100 Money Fund Index currently has an annualized 7-day yield of 5.19%. Yet, if rates go down next year, as expected, the yields in short-term instruments such as money market funds and high-yield savings accounts will follow suit. The firm also likes stocks with high dividend growth and free cash flow , such as Kroger , CVS Health and Qualcomm .

Persons: Josh Brown, VIG, Wolfe, Barry Glassman, Glassman Organizations: Investment Company Institute, ICI, Federal Reserve, Ritholtz Wealth, Wolfe Research, Cola, Exxon Mobil, Kroger, CVS Health, Qualcomm, Investors, Wealth Services, Dodge, Cox Income Fund, Fed, CNBC

☆ Here's where to invest $250,000 for the next 5 years
▼ + stars: | 2023-12-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

CNBC Pro spoke to financial advisors and investment experts to find out how they would allocate $250,000 over the next five years. Preferred Stocks: Preferred stocks have attractive yields and are depressed after two years of weak stock and bond markets — and so are set to gain if the stock market recovers, Hatfield said. Preferred stocks have characteristics of both stocks and bonds — they trade on exchanges like stocks but they have a face value and pay dividends like bonds. They are also like bonds in that when the value of the preferred stock goes down, yields rise. $30,000 to investment grade bonds: This is a conservative investment that will benefit if long-term rates rally, he said.

Persons: Jay Hatfield, Hatfield, Microsoft —, Paul Gambles, James McManus, McManus, — CNBC's Michael Bloom Organizations: CNBC, Infrastructure Capital Advisors, U.S . Preferred, Nasdaq, Nvidia, Microsoft, U.S . Federal Reserve, Family, JPMorgan Locations: U.S, Hatfield, Asia, Pacific, Europe

☆ Investors can get a 5.6% yield with this 'first-rate' ultrashort bond ETF
▼ + stars: | 2023-11-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

As investors hunt for yield, many are turning to actively managed exchange-traded funds focused on bonds, like Pimco's Enhanced Short Maturity Active ETF . The fund, which has a 5.6% 30-day SEC yield, is a "a first-rate ultrashort ETF," Morningstar senior analyst Paul Olmsted wrote in August. Trading under the ticker symbol MINT, the ETF holds fixed income securities with durations of no more than one year. In fact, investors flooded into the fund in October, making it the actively managed bond ETF with the highest inflows last month, according to FactSet. Investors can capture that higher yield on the short end of the yield curve, Schneider said.

Persons: Paul Olmsted, Morningstar, Jerome Schneider, Pimco's, Schneider, FactSet, Matthew Bartolini, It's, Treasurys —, who's Organizations: SEC, Morningstar, MINT, Street Global Advisors, Research, Federal Reserve, Treasury, Federal, Bear Stearns Locations: Pimco

☆ US equity funds draw heavy inflows on expectations for Fed pause
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LSEG data shows that U.S. equity funds attracted about $9.33 billion in net inflows during the week, marking the largest weekly net purchase since Sept. 13. Reuters Graphics Reuters GraphicsLarge-cap U.S. funds led the charge, securing $8.54 billion in net inflows, the highest in two months. Small- and multi-cap funds also saw substantial inflows, garnering $1.23 billion and $1.01 billion, respectively. High-yield funds, riding on improved risk sentiment, garnered $4.5 billion, following a robust $6.3 billion net purchase in the prior week. Conversely, U.S. short/intermediate government and treasury funds, along with general domestic taxable fixed income funds, saw withdrawals of $1.13 billion and $897 million, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Federal, Reuters Graphics Reuters, Technology, Reuters Graphics Reuters Graphics, Thomson Locations: New York City, U.S, Bengaluru

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

☆ Investors poured more than $5 billion into active bond ETFs in October. Here are the top names
▼ + stars: | 2023-11-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Investors are piling into active fixed income funds at record levels, according to State Street Global Advisors. That brings inflows to $24.8 billion so far this year for active fixed income funds. In fact, 43% of the month's inflows went into ultra-short bond funds, according to State Street. With that in mind, CNBC Pro screened for active bond exchange-traded funds with the largest inflows in October. Here are the active bond funds with the largest inflows year to date.

Persons: Matthew Bartolini, Bartolini, —, Jesse Pound, Michael Bloom Organizations: Street Global Advisors, Americas Research, State, Federal Reserve, Treasury, CNBC Pro Locations: Americas

☆ Why BlackRock's Rick Rieder says investors 'underestimate' active fixed income ETFs
▼ + stars: | 2023-11-05 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

BlackRock Chief Investment Officer of Fixed Income Rick Rieder said investors underestimate actively managed fixed income exchange-traded funds. He told CNBC's "ETF Edge" this week that one of his firm's newest fixed income funds, the BlackRock Flexible Income ETF (BINC), has outperformed peers because its allocations are based on current market opportunity. "The beauty of this active ETF is we can move around and take advantage of where the opportunity is," said Rieder, who manages roughly $2.6 trillion in fixed income assets. "I think active ETFs in fixed income, people underestimate." U.S. high yield credit follows at nearly 17%, then U.S. investment grade credit at approximately 14% of total allocations.

Persons: Rick Rieder, CNBC's, Rieder, BINC, … Organizations: BlackRock, Bond Locations: BlackRock, Brazil, Mexico, Europe

☆ Bond fund managers head for third year of losses for first time in decades
▼ + stars: | 2023-10-31 | by ( Harry Robertson | ) www.reuters.com time to read: +4 min

Reuters GraphicsEuropean funds have effectively returned nothing this year after two down years, Morningstar data shows. Government bond funds have fared even worse and are set for three years of losses in both the U.S. and Europe. Bond yields rise as prices fall, and vice versa. Reuters GraphicsBank of America said there were $5.6 billion of inflows to long-dated Treasury funds last week, the largest on record. ICI data shows that U.S. money market funds have ballooned to $5.6 trillion in assets, from $4.6 trillion in October last year.

Persons: Dado Ruvic, Stefano Fiorini, Oliver Blackbourn, Janus Henderson, You've, Jonas Goltermann, Max Kettner, Harry Robertson, Mark Potter Organizations: REUTERS, Reuters Graphics, Morningstar, U.S, Generali Investments Partners, Reserve, Reuters, Treasury, Citi, ICE, Fed, Capital Economics, Investment Company Institute, Reuters Graphics Bank of America, Reuters Graphics Reuters, ICI, HSBC, Thomson Locations: Europe, U.S

☆ Universal basic income is working — even in red states
▼ + stars: | 2023-10-29 | by ( Michael Venutolo-Mantovani | ) www.businessinsider.com time to read: +14 min

He encourages skeptical taxpayers to look at universal basic income from the same "selfish point of view." Among those who received a basic income in Stockton, California, the unemployment rate dropped by nearly 50%. With more data at hand than theoretical projection, the evidence is overwhelming: Universal basic income is working nearly universally. Promising as these pilot programs are, the chances of a truly universal basic income in America remain remote. As for Tydricka Lewis, basic income afforded her the latitude to start her own nonprofit.

Persons: Tydricka Lewis, she'd, Lewis, North Carolina's, Jack Dorsey, Durham, Dorsey, Mark, Anthony Middleton, Middleton's, it's, Thomas Paine, Huey Long, George McGovern, Andrew Yang, Anna Jefferson, Nick Otto, Jefferson, Middleton, StepUp, UBI, we've, Michael Venutolo, Condé Organizations: North Carolina Central University , Durham, Abt Associates, University of Pennsylvania, Durham's, Excel, KFC, Generation Movement, Durham Bulls, The New York Times, National Geographic, Wired Locations: Durham, North, America, Black, New York City, Denver, Stockton , California, Los Angeles, Baltimore, Columbia, South Carolina, Birmingham , Alabama, Gainesville , Florida, Florida, Gainesville, AFP, Durham County, Washington, Chapel Hill , North Carolina

☆ Universal basic income improved lives in rural Canada when they tried it in the '70s. Here's why the program got scrapped.
▼ + stars: | 2023-10-15 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +6 min

A rural Canadian town gave its residents a type of universal basic income for three years. The study can still teach us lessons about the benefits of universal basic income, an expert says. AdvertisementAdvertisementFor four years in the late 1970s, Canada's Manitoba province ran a program called the Manitoba Basic Annual Income Experiment, or MINCOME. It was a guaranteed annual income program, which typically channels funds to people based on their income. Families with no income from other sources received payments that put them at 60% of the annual income, considered the cut-off for being low-income.

Persons: —, MINCOME, Evelyn Forget, she's, Forget, UBI Organizations: Service, Toronto Star, CTV News, CTV Locations: Manitoba, Dauphin , Manitoba, Canadian, Dauphin, MINCOME, Canada, Unemployment

☆ Bond manager with $1 trillion on the line says you will be 'well rewarded' by doing this
▼ + stars: | 2023-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The latest round of volatility in the bond market may be nerve-wracking, but it can also be a great opportunity, according to Pimco chief investment officer Dan Ivascyn. Ivascyn is also the portfolio manager of the Morningstar 5-star rated Pimco Income Fund (PIMIX), which has a 5.46% 30-day SEC yield, according to Morningstar . Bond yields move inversely to prices, so when prices go down, yields go up. He likes agency mortgage-backed securities, very high quality corporate bonds and some asset-backed securities in very seasoned pools of mortgages. "For the patient investor, with a two- to three-year type horizon, you will be well rewarded to shift out of cash, [and] lock in some of these yields," Ivascyn said.

Persons: Dan Ivascyn, Pimco, Ivascyn, He's Organizations: SEC

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

☆ Some riskier income funds yield more than 8%. Just the time for investors to be vigilant
▼ + stars: | 2023-10-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

High yield bond funds tout sweet yields, but swirling concerns around the economy are spurring questions on how much longer the income party will last. Consider that the 30-day yield on the SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is 8.78%. Indeed, the Morningstar U.S. high yield bond index has a year-to-date total return of 4.61%, compared to the -1.29% total return on Morningstar's U.S. corporate bond index . Consumers are also a focal point when it comes to the economic outlook, according to Peter Higgins, head of fixed income and senior fixed income portfolio manager at Shelton Capital Management. Being selective about risk UBS is neutral on high yield overall, but positive on short-dated high yield paper of good quality companies.

Persons: Paul Olmsted, Olmsted, Alina Golant, Golant, Peter Higgins, Dow Jones, Shelton's Higgins, Morningstar's Olmsted, Michael Bloom Organizations: Investors, Federal Reserve, Morningstar U.S, Morningstar's, Morningstar, UBS, Shelton Capital Management

☆ Ken Griffin’s hedge fund Citadel bucks the downtrend in September, up nearly 13% this year
▼ + stars: | 2023-10-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person familiar with the returns. Citadel's multistrategy flagship Wellington fund gained 1.7% in September, bringing its 2023 performance to 12.6%, the person said. The S&P 500 pulled back 4.9% last month, suffering its worst month of the year. Griffin, founder and CEO of Citadel, told CNBC last month he was skeptical that this year's rally, powered mostly by artificial intelligence-related stocks, can be sustainable. The Wellington fund soared 38% in 2022 for its best year ever.

Persons: Ken Griffin's, Citadel's multistrategy, Stocks, Pershing, Bill Ackman, Griffin Organizations: Treasury, Citadel, CNBC, Big Tech Locations: Wellington

☆ Griffin of Citadel hedge fund lays out roadmap to future philanthropic giving
▼ + stars: | 2023-09-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Companies Citadel Income Fund FollowNEW YORK, Sept 13 (Reuters) - Ken Griffin, the world's most successful hedge fund manager in terms of earnings, has already donated more than $2 billion to charity during his lifetime and on Wednesday laid out a roadmap for his future philanthropic giving to find faster solutions to the world's biggest problems. Griffin, who laid the foundations for Citadel in his Harvard dormitory, launched Griffin Catalyst (GriffinCatalyst.org), a platform that illustrates how he thinks about giving and showcases his partner organizations and how they have put his money to work. Already a big donor to schools and universities, Griffin said his giving will focus on six areas: Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities. Earlier this year Griffin donated $300 million to his alma mater. Early in his career, Griffin also donated time tutoring Chicago children in math.

Persons: Ken Griffin, Griffin, Griffin Catalyst, Svea Herbst, Bayliss, David Gregorio Our Organizations: Citadel, Harvard, Griffin Catalyst, Science & Medicine, Upward Mobility, & Democracy, Enterprise, Innovation, Forbes, U.S . State Department, U.S . Food, Drug Administration, Chicago, Svea, Thomson Locations: Chicago, United States, Wuhan, China

☆ A millionaire who retired at 34 made over $7,000 in passive income in one month from stocks and bonds. He explains how he built a $2.9 million account that pays his expenses while it continues to grow
▼ + stars: | 2023-09-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

For 13 years, he invested at least 50% of his salary to grow his retirement portfolio. The latter portion allows him to access his retirement income before the age of 59 and a half without incurring a 10% penalty. The stock exposure in that account is mainly through the iShares Core S&P 500 ETF (IVV), where he has about $1 million invested. This roughly means you need to have $1 million invested into the index to earn $15,400. Therefore, only 1% of his brokerage portfolio is allocated to a few individual tech stocks.

Persons: Sam Dogen, Goldman Sachs, He'd, Dogen, he's, He's, I've Organizations: Credit Suisse, Goldman, Wealth, Fidelity, Treasury Locations: New York City, San Francisco, IVV

☆ US equity funds see outflows for sixth week in a row
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

According to LSEG data, investors withdrew a net $5.96 billion out of U.S. equity funds during the week, compared with about $4.42 billion worth net withdrawn the previous week. Investors offloaded about $3.96 billion worth of equity large-cap funds compared with about $110 million worth of net selling in the previous week. Small- mid-, and multi-cap funds also witnessed $1.56 billion, $365 million and $4 million worth of net selling, respectively. U.S. bond funds witnessed outflows for a fourth successive week, with about $622 million in net selling. Government bond funds also saw about $260 million worth of outflows, the first in five weeks.

Persons: Andrew Kelly, Gaurav Dogra, Patturaja, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Investors, Treasury, Reuters Graphics Reuters, Money, Thomson, & $ Locations: New York City, U.S, China, Europe, Bengaluru

☆ This income fund has a yield of more than 5%, and is cheap compared to its peers
▼ + stars: | 2023-09-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Weitz Core Plus Income Fund (WCPNX) , which Carney co-manages with Nolan Anderson, received five stars and a bronze rating from Morningstar. Aggregate Bond Index]," Carney said. Enter, asset-backed securities. Asset-backed securities (ABS) follow in second place, making up 27.6% of the portfolio. As a result, participating in the asset-backed securities space requires a granular level of due diligence.

Persons: Tom Carney, Weitz, Carney, Nolan Anderson, Morningstar, WCPNX, There's, that's, Fannie Mae, Freddie Mac Organizations: Morningstar, Bloomberg Barclays U.S, Universal Bond, SEC, Bloomberg U.S, Aggregate Bond, Federal Reserve Bank of New, BBB, U.S, Fed Locations: Federal Reserve Bank of New York

Hawaiian Electric CEO Shelee Kimura received a cash bonus in 2022 based on her performance against 10 measures including profit and customer satisfaction. Wildfire risk mitigation was not on the list, according to the utility’s pay disclosures. Wildfire risk had been a concern for several years before the blaze ripped through Lahaina, a historic resort town in Maui. Idacorp declined to comment on its pay practices and how they relate to wildfire mitigation. “You don’t want a wildfire disaster to be the catalyst for a change in public policy,” said Glazer, who supports linking executive pay to wildfire mitigation.

Persons: Mike Blake, ”, Alison Silverstein, Shelee Kimura, Kimura, “, Michael Cerasoli, Michael Underhill, Brian Buckham, ” Buckham, Idacorp, Larry Glazer, Glazer, Tim McLaughlin, Tom Hals, Peter Henderson, Noeleen Walder, Rich Valdmanis, Marguerita Choy Organizations: Workers, REUTERS, Hawaiian Electric, U.S . Federal Energy Regulatory, Electric, Hawaii Wildfire Management Organization, San Diego Gas &, Global Renewable Energy Income Fund, Reuters, Capital Innovations, SEC, Portland General Electric Co, Boston’s Mayflower Advisors, Thomson Locations: Lahaina, Maui, Hawaii, U.S, California, Honolulu, Maui ., Idaho , Oregon, Washington, Idaho

☆ These dividend-paying stocks offer attractive income and a good opportunity, this portfolio manager says
▼ + stars: | 2023-08-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

However, they may be missing out if they are bypassing dividend stocks altogether, according to Neuberger Berman senior portfolio manager Sandy Pomeroy, who manages the Neuberger Berman Equity Income Fund (NBHAX) . Right now, dividend stocks haven't been this cheap since the tech boom of the 1990s, Pomeroy said. Dividend stocks have underperformed this year: The SPDR S & P Dividend ETF (SPYD) has a total return of -5% in 2023, per FactSet. In comparison, the SPDR S & P 500 ETF (SPY) has a total return of nearly 15%. Deere, which has a 1.3% dividend yield, reported an earnings and revenue beat before the bell Friday.

Persons: Neuberger Berman, Sandy Pomeroy, Pomeroy, NBHAX, Eaton Organizations: Neuberger, Neuberger Berman Equity Income, Treasury, Neuberger Berman Equity, Caterpillar, Deere, PNC Locations: industrials

For investors who had expected more economic strife, sticking to those calls has become increasingly difficult. "It's going to take longer for rates to rally," said John Madziyire, senior portfolio manager and head of U.S. Treasuries and TIPS at Vanguard Fixed Income Group. "Recession or no recession, we think the probability of higher-for-longer interest rates is far greater than the likelihood of near-term cuts," credit investment firm Oaktree Capital said in a recent note. A re-acceleration in inflation could lead to higher rates than the market has priced in. Some are navigating the uncertainty by combining exposure to higher-yielding short term bonds with long-term bonds in case of a downturn.

Persons: –, Felipe Villarroel, John Madziyire, Oaktree Capital, Danielle Poli, Anthony Woodside, Woodside, Stephen Dover, Chip Hughey, Davide Barbuscia, Richard Chang Organizations: Bond, Federal Reserve, TwentyFour Asset Management, Bank of, Fitch's U.S, Treasury, Oaktree, Fund, Reuters, U.S, Franklin Templeton Investment Solutions, Truist Advisory Services, Vanguard, Thomson Locations: U.S, Oaktree

☆ A millionaire who retired at 36 shares the top 4 funds he's holding, the ones he's sold due to high fees, and the stock up 1,000% in the last 10 years that's yielded him the most gains
▼ + stars: | 2023-08-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

He began by investing in stocks and funds with higher fees. Early retirement wasn't an accident for Quan, nor was it a sudden decision after he sold his company. Gaining exposure to this fund helps balance his exposure to US stocks which he gets from a few funds he holds. "Ironically enough, I want to say that COKE has grown the most over the time as an individual stock," Quan said. He has mainly been allocating to iShares' IEMG in order to increase his exposure to those markets.

Persons: Michael Quan, wasn't, Quan, CWGIX, COKE, maxing, wife's ROTH Organizations: Income, Vanguard, Investment Company Institute, Holdings, Vanguard FTSE, Cola Consolidated Inc, DFA Locations: Canada, Europe, Japan

☆ This international stock picker beats the market long term by mastering downside risk
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Now the manager of the Goldman Sachs' International Equity Income Fund (GSTKX) , as a young man Deladerriere was surrounded by farmers and government employees, not investors. Deladerriere sought out companies with good business fundamentals, saying many of the firms he invested in back then have survived and are "actually thriving." One was French energy technology provider Schneider Electric, still a holding in his Goldman fund. He landed a research internship at Goldman Sachs Asset Management, and is now a partner and head of international developed markets equity. Good times and bad In 2012, Deladerriere started managing Goldman International Equity Income, a $1.1 billion fund with a five-star rating from Morningstar.

Persons: Alexis Deladerriere, Goldman Sachs, Deladerriere, Goldman, that's, Morningstar Organizations: International Equity Income, Schneider Electric, Ecole Superieure de Commerce de Paris, Goldman Sachs Asset Management, Goldman International Equity, Morningstar, Vinci, Schneider, Stock, Zurich Insurance Group, Singapore Locations: France, French, Europe, Australasia, London, New York, U.S, Swiss

July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility. Schroders' assets under management fell to 726.1 billion pounds ($940 billion) in the six months to June 30, from 737.5 billion pounds at December-end. The company generated 5.7 billion pounds in net new business, excluding joint ventures and associates. In contrast, Jupiter Fund Management (JUP.L) jumped 14% to the top of the FTSE mid-cap (.FTMC) after it reported assets under management rose 2% to 51.4 billion pounds. The fund manager saw "small" net inflows of 23 million pounds, helped by institutional client demand.

Persons: Schroders, Calastone, Peter Harrison, Jefferies, James's, Peel Hunt, Eva Mathews, Savio D'Souza, Sinead Cruise, Sharon Singleton Organizations: Reuters, Bank of England, JPMorgan, Jupiter Fund, Peel, Thomson Locations: British, Bengaluru

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