Investment funds

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.

The biggest losses this year came from sectors that suffered the most in lockdown.

Steady inflows showcase the buy-and-hold ethos of the typical Vanguard investor — financial advisors and wealth managers, an expert says.

The allegations involving 12b-1 fees, cash sweeps and commissions also include violations of best execution rules.

The fund has absorbed $15.6 billion so far in 2020.

With an average gain of more than 108%, the lineup includes actively managed leaders with fees well above 100 basis points.

Despite a rocky year, these 20 funds recorded an average return of 13.6%.

Net flows have slowed in 2020 at the fund giant as rivals continue to roll out similar products amid the rise of robo advisors and almost-free trading.

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

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.

Loose monetary policy and huge stimulus injections have some investors questioning the validity of traditional long-term approaches.

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

As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.