The cost of investing has continued to drop for nearly a decade, falling 4 basis points in 2017 alone, according to the Investment Company Institute. So, it’s no surprise that the worst-performing active funds were among the priciest.
Asset managers are under pressure to maximize distribution efforts as competition ramps up, regulations tighten and tech innovations become increasingly important.
These funds emerged as investors sought yield amid an otherwise low-interest rate environment. As rates normalize, does this approach still have a purpose?
