As further evidence of just how much the competitive landscape has changed over the past few years,
Just a year ago, Boston-based
The top five in terms of assets under management include the Vanguard 500 Index, $70.9 billion; the American Funds Growth Fund of America, $67.8 billion; the American Funds Investment Company of America, $66.3 billion; the American Funds Washington Mutual Fund, $62.8 billion; and the Fidelity Contrafund, $55 billion.
According to Russel Kinnel, director of mutual fund research at
"You will see below average expenses, high quality management, diversified portfolios, and, of course, a long and generally successful track record," Kinnel said.