Mutual Funds

Plaintiffs claimed First Eagle charged them more than what it made as a subadvisor for a similar fund. On Wednesday, they dismissed the action with prejudice.

The trend to reduce fees and increase transparency will push plan sponsors toward clean shares.

A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.

Global bond funds also kept their streak alive while money continued to flow out of Asia-Pacific bond funds.

Redemptions from Healthcare/Biotechnology were heaviest since January.

Flows to global equity funds were the smallest since March.

The fund saw inflows for the 20th straight week.

A strong corporate earnings season and subdued inflation weren’t enough to attract investors.

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.