Transamerica announces management fee reductions and J.P. Morgan AM reduces fees in two series.
Attorneys for the defense in Kennis vs. Metropolitan West say their victory in district court could be a turning point in a trend of securities litigation that emerged after a Supreme Court decision known as Jones vs. Harris.
Investors also look at historical performance and performance compared to an index, ICI found.
A report by Morningstar credits this decline to the migration towards lower-cost funds and an influx of strategic-beta funds.
Forty percent say this information is “very important” when selecting a mutual fund, ICI found in a survey.