Investment funds

Managers of the funds became increasingly involved with private debt last year; boosting their median allocation to 2.9% from 2.1%, data show.

Although passive has steadily lured cash from active, this year assets in indexed equity funds topped those in active stock funds for the first time ever.

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere.

Average management fees will be cut 8% on an asset-weighted basis.

It’s easier — and more lucrative — for financial firms to pander to clients’ worst instincts than help subdue them.

The 82-year-old company’s strategy has helped secure net inflows in all but one of the five years through 2018.

Already, the fund has agreed to transactions involving German wind energy project developer PNE and Altice Europe’s Portuguese fiber assets.

Competition with an ever-rising stock market, the difficulty of raising assets and the steady march of time are just a few factors leading managers to the exit.

Data reported by the Investment Company Institute.

More than half of them track the industry’s top-performing category.