Investment funds

The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.

Over the past year, the lineup of stock and bond funds notched an average gain of more than 25%.

Despite low levels of understanding, 75% of people who know about the vehicles still said they were at least somewhat interested in investing in them.

While the quant firm will miss becoming the first to flip mutual funds to ETFs, its nearly $26 billion conversion will by far be the biggest.

This group carried fees nearly three times the industry average.

Some familiar names top the list for these investors who kept about 35% of their brokerage assets in equities.

The move by Guinness Atkinson is likely to be just a start — quant giant DFA is already next in line to make a similar change to its product line.

These long-term leaders also generated gains of more than 76% over the past year.

Both were adamant with House Democrats that their businesses have helped small-time investors access markets that were long the domain of Wall Street.

Just one of the leading 20 mutual funds and exchange-traded products eked out a gain this past decade.