Mutual funds

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.

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.