Morningstar

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

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

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

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

JPST, which tracks investment-grade securities maturing in a year or less, has attracted over $3.7 billion in flows this year.

Some of the biggest laggards have managed short-term gains of more than 40%.

Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”

More than half of these funds have fees higher than 75 basis points.

Fees for the category's best performing mutual funds and ETFs are much like the price of bullion: expensive.

If clients “looked just three months ago, these numbers would be glaringly different,” an expert says.