Investment funds

The new fund, expected to begin trading next quarter, will carry an expense ratio of less than half the new actively managed offering.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

These 20 mutual funds and ETFs here are home to roughly $45 billion in assets.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.

The move is about “expanding access to high quality growth investing to non-accredited investors,” says Upholdings CEO Robert Cantwell.

The top 20 more than doubled the gains of their fixed-income industry peers.

“The expectation of sustained volatility in the medium term has re-invigorated hedge fund appeal,” BlackRock and Juniper Place said in their report.

Time and again, they’ve seemingly held up during periods of market stress and proved the skeptics wrong.

SEC cases that go beyond faulting firms for their failure to disclose conflicts of interest have drawn pushback from the industry.

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.