Vanguard

Funds from the biggest three issuers account for more than 80% of the industry's total assets.

“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.

The decisions entrench a prolonged decline for prime funds, and could hurt a market that thousands of companies rely on for funding.

While most of the issues were resolved by midday, the interruptions sent a shudder across Wall Street.

Hundreds of strategies that outperformed in backtesting are failing to live up to their hype once they are packaged up and sold as ETFs, a study finds.

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Firms had problems related to equities, options and cryptocurrency trading as well as slow websites and mobile apps.

The ready-made strategies have been around for years, but in an era of fee wars and ETFs its popularity is exploding.

Increasing Black representation poses challenges that adding women may not: Most women elected to boards had professional connections with the white men who still dominate boardrooms.