Despite the better performance, money is still steadily going into passive funds and out of active funds.

Financial Darwinism, though, is beginning to work its evolutionary magic.

The smaller closed-end fund managed by Ivascyn has outperformed the larger Pimco Income Fund over the past five years.

The dust is still settling from monetary policy makers across the globe.

Central-bank tightening isn’t deterring investors from China, Korea, Mexico and others.

Only U.S. equity funds recorded outflows.

But U.S. bond funds took in less than others compared with previous weeks.

In a perfect world, the Fed would wait for inflation to hit 2 percent. It could raise the interest rate before then.

New leaders Buckley, CIO Davis to chase global growth as McNabb steps down.

The asset manager said Tim Buckley would become CEO in 2018, replacing Bill McNabb. Here are his answers to a few questions.