MORN

After one 2030 target-date fund lost 41% in 2008, legislators in Washington went up in arms against the fund category. One of the most controversial proposals would have limited equity exposure in such funds, but the industry fought back on the grounds the 40 Act gives asset managers leeway to determine asset allocation on their own.

Investors recover their appetites on a steady diet of bonds and fixed income, but can you have too much of a good thing?

Ask a broker why 12b-1 fees exist and you’ll get a variety of answers. The SEC's chairman said there should be greater transparency around the fees, which could be as high as 1%.

Bruce Berkowitz, Morningstar’s Domestic-Stock Fund Manager of the Decade, isn’t the kind of manager whose moves make headlines, but they’ve paid off remarkably well for his investors.

Bill Gross, a perennial critic of Fannie Mae and Freddie Mac, also created a windfall profit when he bet against the semi-government mortgage giants.