The mutual fund industry continues to shrink even as assets swell.

Fund manager T. Rowe Price has set plans to acquire six index funds that will be merged into its existing fund lineup as discount broker TD Waterhouse hands over the reins and shuts down its proprietary mutual fund business.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.