An experienced high-level CIO (chief investment officer) can cost $250,000 to $500,000 per year.
Investors poured almost $1B into Fidelity Investments’ two zero-fee index funds in their first month of operation.
Many actively managed mutual funds operate with “black box” strategies that give investors little information about how the managers pick stocks.
Kern McPherson joined Glass Lewis in 2009 and currently leads the North American research teams covering corporate governance, executive compensation
Two weeks ago I published a list of 17 mutual funds whose managers have been at the helm for 10 years, outperforming the S&P 500's...
Fidelity has announced two zero fee funds available starting tomorrow.
Fidelity Investments’ plan to launch no-fee index funds hurt the shares of rival asset managers, including BlackRock Inc, on Wednesday as investors...