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.

The correlation between fees and performance is not “apples-to-apples when taking the funds’ underlying exposures into account,” an expert says.

The $3.7 million fund returned more than 40% in the second quarter, outperforming all domestic non-leveraged ETFs.

The firm has shed fund holdings in defensive sectors such as health care and consumer staples.

The average expense ratio among the leading 20 is nearly 40 basis points cheaper than what investors paid on average last year.

Ukraine, Nigeria and Kazakhstan offer opportunities because local developments dominate the direction of their markets, the M&G fund manager said.

Real estate, communications, utilities and consumer staples funds have seen the most appetite, with every other sector experiencing outflows.

Investors plowed into bullion-backed funds after the U.S. and China reached a truce in their trade war.

Eight of the top 10 have less than $100 million in assets.

Of the 468 hedge funds that used Goldman Sachs’ prime brokerage services in the past decade, half have shuttered.

The losers “offer exposure to extremely narrow and volatile segments of the market,” an expert says.