Primecap Odyssey Aggressive Growth Fund, run by a firm that’s best known as a money manager for Vanguard Group Inc., beat peers over the past five years with a heavy dose of health-care stocks, many held for years.
Bond investors are gaining confidence that Federal Reserve Chairman Ben S. Bernanke will unwind the central bank’s unprecedented $3.3 trillion balance sheet without sparking a crash similar to 1994, when Alan Greenspan surprised the market by doubling benchmark lending rates in 12 months.
The Canadian dollar rose against its U.S. counterpart as investors sought higher-yielding currencies amid speculation that gains in American payrolls won’t keep the Federal Reserve from maintaining stimulus to sustain growth.
Vanguard Wellesley Income Fund has used a mix of high-quality bonds and dividend-paying stocks to outperform all peers in the past five years, when record low interest rates put a premium on the assets it favors.
The number of people taking loans from their 401(k) retirement accounts increased 28 percent in the fourth quarter from a year earlier as older workers tapped their savings, according to Wells Fargo & Co.