Mutual funds

The 20 mutual funds in this ranking outpaced broader markets over the past year with an average gain of more than 68%.

Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor.

Over the past year, the 20 mutual funds in this ranking have an average gain of more than 100%. Their fees are also more than twice the broader industry.

The changes mark a new phase in the tug-of-war between the structures.

The 20 funds in this ranking shed more than $793 billion over the period.

Here are the industry’s top 20, which brought in more than $700 billion in assets.

The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.

While the quant firm will miss becoming the first to flip mutual funds to ETFs, its nearly $26 billion conversion will by far be the biggest.

This group carried fees nearly three times the industry average.

Some familiar names top the list for these investors who kept about 35% of their brokerage assets in equities.