Asset managers

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

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

The free lunches are over. Sort of.

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.

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

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

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

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.”

Among some 500 large-cap U.S. mutual funds, those with at least one-third of manager positions held by women have beaten those with none, data show.

More than 600,000 ounces of the precious metal have been added to ETFs since mid-May.

“The reality is they were always supported by a large team,” according to CEO Jenny Johnson.

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

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

The saga lays bare the rough-and-tumble ways of distressed investing, where investors look to pull every lever in their favor.

Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year.

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

Market recovery has made the risk of missing out more pronounced this year, forcing many funds to position themselves towards historically bullish levels.

It’s the latest dramatic twist in the story of USO, which was at the center of the storm as crude prices plunged earlier this year.