Over the decades, active mutual funds have gotten fat on big fees, investor ignorance and a rising market that let people overlook the costs. That era is over.
AllianceBernstein just lost a chief executive with the guts to tell a proud industry what it must do to be competitive.
The technology company invests in corporate bonds, U.S. treasuries and money market funds to avoid bringing money back to the U.S. from abroad and triggering corporate income taxes on the earnings.
RBC launches new tech suite, the real reason fees are going down and how a small online auction site uncovered a profoundly undervalued Chinese vase.
With Trump’s tax proposal kicking the U.S. reflation story back into gear, industry and financial sector funds took in fresh money this past week. Gold funds posted their biggest weekly outflow since the beginning of the year.
Post French presidential election, weekly flows into European equities hit their highest level since 2015.
Still, despite better than expected growth in the first quarter, funds dedicated to China and Korea lost investors over the past week.