Fund performance

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

The underperformance is a rarity for the fund, which has beaten the benchmark for nine of the past 10 years.

Nearly all bested the broader market at roughly a third the price of the average fixed income product.

The simple addition of an exclamation mark to the names of some mutual funds led to significant declines in net flows, researchers find.

After hitting the lowest level since January, the fund climbed on Tuesday as the Trump administration made efforts to de-escalate its dispute with China.

Some managers have taken on more risk amid a decades-long decline in interest rates and slow global economic growth to meet long term targets.

Although many underperformed the broader market, just over half posted double-digit gains.

Data reported by the Investment Company Institute.

Some of the same features that led to their unpopularity may also be what uncorrelated them from their peers, an expert says.

Fixed-income products designed to minimize interest rate risk are among the leaders.