Fund performance

The top 20 outpaced the broader industry and had an average net expense ratio far below the 0.45% investors paid last year.

The scale of the withdrawal indicates that the ETF is both being used by large institutions and a favorite with retail investors, an expert says.

While broadening stock-market gains may one day provide more fertile ground for picking equities, right now fundamental managers are struggling.

Global equities notched their largest monthly gain since at least 1988, while multiple major benchmarks are at or near all-time highs.

The 20 mutual funds and ETFs on this list have an average fee of roughly 111 basis points.

The top 20 have delivered overall outperformance. However, their gains come with fees more than twice the industry average.

The average expense ratio for this group was more than 100 basis points.

“Their top holdings are focused on those companies that have benefited in a post-COVID world,” an expert says.

Fees among the leaders range from as little as two basis points to as high as 125 basis points.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

Among the decade’s worst performers — those with more than $1 billion in assets under management — were a handful of products with stellar short-term returns.

The decade’s top-performers have produced returns of more than four-times their industry peers this year.

Do-it-yourself-minded investors have never had more places to put their savings, writes Bloomberg’s Nir Kaissar.

In the first half of the year, fewer than a third of U.S. domestic equity fund managers delivered annualized returns that outpaced the S&P Composite 1500.

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

The bullion rally has shown signs of losing momentum as economies reopen.

“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.

Investors are placing their bets on value funds after the category posted its worst quarter this century in the wake of the coronavirus pandemic.

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