Bill Gross’s Janus Henderson Global Unconstrained Bond Fund ended July at $1.25 billion, down almost $1 billion from its peak in February.

That doesn’t mean they aren’t an ongoing problem.

It may be a long time before it brightens.

As investors seek fresh ways to bet on winners while guarding against turbulence, UBS is marketing structured debt products that give short-term exposure to cross-asset moves from currencies to bonds and stocks.

But, the Financial Sector is left out in the cold.

A rare pocket of value or a mixture of opportunities and value traps?

There’s no shortage of clouds over the current investment landscape.

While market-cap weighted ETFs are heavy with Facebook stock, multi-factor ETFs offer less exposure to the troubled tech giant.