Finance

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

Funds from the biggest three issuers account for more than 80% of the industry's total assets.

While some industry employees are eager for the normalcy of their offices, others are more reluctant as experts predict another rise in virus cases.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

Chairman Jerome Powell and other officials have stressed that recovery is highly dependent on the nation’s ability to better control the coronavirus.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

The free lunches are over. Sort of.

Despite some impressive short-term gains, more than half underperformed their peers over the decade.

Investors are placing their bets on value funds after the category posted its worst quarter this century in the wake of the coronavirus pandemic.