Mutual Funds

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Wall Street Has Culled Some 1,000 Mutual Funds In Past Decade

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While 95 new mutual funds have debuted this year, 123 have already shuttered.

Corporate America Is Set To Save Stock Market Rally, Goldman Sachs Says

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Buybacks have picked this year, with big tech at the forefront.

BlackRock Cuts Jobs In Muni Business Under New Leadership

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Patrick Haskell, a former co-head of fixed income capital markets at Morgan Stanley, has taken over.

Sixth Street, Co-Owner Of NBA's Spurs, Plans To Launch Sports Fund

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The fund will seek to invest in sports teams and leagues, media rights and related businesses.

The Art Of Trouncing An Index

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The Needham Aggressive Growth Fund has a knack for finding big winners.

Cohen & Steers Converts Fund For New Energy Approach

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The firm's thesis involves mixing both traditional and alternative energy investments.

BlackRock Plans First Mutual Fund-To-ETF Flip In Sign Of Times

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The world's largest asset manager will flip the $700 million BlackRock International Dividend Fund.

A Fund's Rx For Healthcare Investing

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The Janus Henderson Global Life Sciences Fund successfully navigates the turbulent healthcare sector.

Commonwealth Hit With $93.3M Judgment Over Revenue-Sharing Conflicts

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The SEC said the firm's revenue-sharing agreement made mutual funds more costly to clients.

Altruist Offers Cash Account Product

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Altruist Cash allows advisors to offer clients an annual percentage yield of 5.10%, the custodian said.

BlackRock's Fink Looks To Australia For U.S. Pensions Solution

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The chairman of BlackRock warned of a looming retirement crisis in the U.S.

Top Pictet Fund Manager Sees Biotech Stocks Joining AI-Euphoria

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A total of 46 listed biotech deals worth more than $100 billion were announced last year.

Trend-Chasing Quants Roar Back On Wall Street As Gains Reach 45%

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Trend-following quants are rallying back on Wall Street for their best start to a year since 2008.

Upstarts Challenge A Foundation Of Modern Investing

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Small arguments about data have high stakes in this corner of finance.

BofA Says Tech Stocks Post Largest Weekly Outflows On Record

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The outflows come as Apple shares entered a technical correction this month.

Fidelity International Plans 1,000 Layoffs With Costs In Focus

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Other money managers such as BlackRock, Wellington and T. Rowe Price have already cut jobs.

Vanguard CEO Buckley To Retire By Year-End, Search Underway

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Tim Buckley is the fourth CEO of a company founded by investing legend Jack Bogle.

Riding The Curve In Fixed Income

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The Allspring Core Plus Bond Fund is positioned to take advantage of the changing interest rate environment.

BlackRock Says 'New Regime' Calls For More Active Management

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The gap between stock market winners and laggards has widened since 2020, the firm's analysts say.

'Thousands' Of New ETFs Seen In $8 Trillion Market's Next Leap

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A multi-share class structure once exclusive to Vanguard is now open to rivals.

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