Mutual funds

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

Much of the industry’s skepticism centers on the cryptocurrency’s unpredictable price swings and the lack of things it can buy since its creation.

The 20 categories with the biggest gains are home to nearly $10 trillion in combined assets.

The 20 funds in this ranking carried an average expense ratio of more than twice the broader industry.

The top 20 carried an average expense ratio of more than three times the broader industry.

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

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

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.