Morningstar

The firm’s growth plans come as the industry experiences a new wave of consolidation among custodians and fintechs.

The 20 top-performers have generated gains well over 50% in the first seven months of the year.

Despite besting the broader market over the long-term, those at the top have underperformed in the first half of 2020.

The current proposal “would lead to worse outcomes for plan participants as plan sponsors shied away from assessing ESG risks in selecting investments,” the research firm says.

“No one could have envisioned what this virus was going to do to the commercial real estate space,” an expert says.

Investors may be put off by the costs associated with these funds, which had an average expense ratio of more than triple their peers.

The leaders raked in a combined $949 billion over the past decade.

Secretary of Labor Eugene Scalia said retirement plans aren’t for “furthering social goals or policy objectives that are not in the financial interest of the plan.”

Here's how the largest groups have fared during unprecedented market activity.

The funds had posted gains over the past decade, but have suffered losses amid this year's coronavirus-driven volatility.