Investment funds

Among some 500 large-cap U.S. mutual funds, those with at least one-third of manager positions held by women have beaten those with none, data show.

“The reality is they were always supported by a large team,” according to CEO Jenny Johnson.

Advisors, nervous about the exposure, say they are struggling to get clients to switch things up.

Lower transaction costs can often come with higher expense ratios at the nation’s largest IBD.

More than half of these funds have fees higher than 75 basis points.

The saga lays bare the rough-and-tumble ways of distressed investing, where investors look to pull every lever in their favor.

The ready-made strategies have been around for years, but in an era of fee wars and ETFs its popularity is exploding.

Market recovery has made the risk of missing out more pronounced this year, forcing many funds to position themselves towards historically bullish levels.

Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.

The regulator charged a $1.4 billion hybrid firm over disclosure of its cash sweep arrangements with its clearing firm.