According to Morningstar Direct data, the 20 worst-performing mutual funds and ETFs in the high-yield bond sector have managed still to post positive annual returns over the last 10 years.
According to Morningstar Direct data, the 20 worst-performing mutual funds and ETFs in the high-yield bond sector have managed still to post positive annual returns over the last 10 years.
FINRA has fined Austin, Texas-based broker-dealer, Kestra Investment Services LLC, a subsidiary of independent broker-dealer, Kestra Financial, $225,000 for overcharging customers $1.6 million in mutual fund fees.
FINRA has censured Morgan Stanley and fined it $1.5 million for allegedly failing to provide millions of customers access to online information on purchases of mutual funds and other products.
Recently, I read an interesting editorial. The author argued that, while there is an excessive amount of share classes offered by open-end mutual fund companies, there is no need.
The SEC has launched a review of mutual fund companies to monitor their leveraged investments.