Some managers are conjuring ESG funds out of thin air by 'repurposing' struggling mutual funds, sometimes just changing the language in the prospectuses.
Going forward, Morningstar will provide Analyst Ratings for each share class of a fund, which could mean downgrades for those with high distribution fees.
Avantis Investors has filed to launch five equity strategies aimed squarely at fee-based advisors, promising broadly diversified portfolios and low fees.
Allianz plans to use the robo advisor Moneyfarm to offer some of its actively managed funds directly to retail investors, without them having to go through a bank or a broker.
Fidelity announced a 14% price reduction on entry-level share classes of the Fidelity Freedom Index Funds and its institutional Index Target Date Commingled Pools.