Asset managers

CEO Abigail Johnson's estimated net worth grew to $11.2 billion from $8.6 billion last year.

The moves may push some shareholders to rebalance their positions, likely at a cost.

Managers sold $24.6 billion of the loans in the region last year, the most since the financial crisis.

The company has been in conversations with ETF Securities and Global X, say people familiar with the matter.

Advisors should consider how they are preparing for a rising rate environment.

The firm had strong net inflows to its U.S. Income Fund as well as strategies including long duration and income.

Investors in higher-beta credit funds are shunning longer-duration debt following recent equity turmoil.

Mark Mobius will step down after more than three decades with the firm.

Thanks to differentiated bets on stocks, equity mutual funds beat benchmarks across the board.

Data reported by the Investment Company Institute.