Mutual funds

With $2.6 trillion in total assets, the firm is by far the biggest name yet that’s seeking to make such a move.

The $637 billion quant pioneer founded by David Booth has converted four equity mutual funds with $28.8 billion of assets into ETFs.

The case against Centaurus Financial comes after the industry and consumer advocates decried the previous administration’s approach for different reasons.

"The successful long-term players have the long-term tech driven trends right, and COVID just accelerated and magnified the trends," an expert says.

The long-term leaders carry fees more than twice the broader industry.

Most foreign financial institutions have identified wealth management as a prime focus with investable assets estimated to double over the next few years.

While several analysts are bullish, not all are convinced of the Canadian asset manager’s newfound strategy.

Despite long-term outperformance, many of the leading 20 have suffered short-term losses.

The fund manager will provide investing and savings accounts and debit cards to 13- to 17-year-olds whose parents are clients.

“Some assets are cheap for a reason,” an expert says.

Home to more than $3 trillion, outperformance among the leaders comes with some caveats.

Aside from their rock-bottom fees, those with the largest gains have at least one commonality: asset allocation.

If Biden’s proposal is enacted, Nir Kaissar writes many investors will dump their funds to avoid paying a higher tax down the road.

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.

The top 20 performers nearly doubled the gains of their peers over the period.

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.