Mutual funds

The SEC's recently passed ETF modernization rule is just one regulatory change industry leaders expect will impact asset management in the years ahead.

With an average gain of nearly 40%, the following mutual funds and ETFs are narrowly invested in the most attractive segments of the market.

As the sector grows to over $30 trillion in Europe, North America, Japan, Australia and New Zealand, one popular approach consists of excluding offenders.

The SEC’s recently passed ETF modernization rule, which expands choice in the market, “is probably the end of the mutual fund industry.”

Despite their high fees and double-digit returns, nearly all have even outperformed themselves so far this year.

Worries about the proliferation of new funds were high at the first Bogleheads conference without the company’s former leader.

The top 20 nearly doubled their gains over the last year, data show.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.

In a little-noticed rule change, mutual funds no longer disclose their shrinking BD commission load-sharing payments.

“Not every muni is trying to achieve the same thing,” an expert says.