The trend of mutual funds investing in private companies is overstated, Fidelity Labs launches virtual reality for retirement plan participation and working Americans are lacking a financial plan.
The Fidelity 500 Index Fund passed the Fidelity Contrafund in assets, with $105.9 billion.
Here comes the tax drag. Thanks to a 2010 rule change, many mutual funds this year and next will lose their ability to continue to offset taxes with accrued capital losses from the financial crisis, hitting after-tax returns.
Art Lipson targets closed-end funds that he says betray investors. He also created the bond market’s most widely used benchmark.
Capital Group Cos.' New Perspective Fund has cut cash levels to the lowest in two decades.
Investors yanked $3.9 billion out of exchange-traded funds since the presidential election.
The best way to predict returns? The Sharpe Ratio.
Edward "Ned" Johnson is retiring and will become chairman emeritus.
