As part of the transition, the Silver-rated fund's expense ratio is estimated to drop by more than 10%. Also, a new manager for Fidelity Pacific Basin, GMO announces plans to begin tapping the firm's asset-allocation forecasts in its strategies, and new names for 5 Aquila funds.
Plus, an updated expense ratio for Silver-rated FMI Focus Fund, a new emerging-markets value offering from American Century, PIMCO hires a new equity boss from Schroders, and more.
A firm’s mutual funds tend to share characteristics. Here’s how to diversify a portfolio laden with one family’s offerings.
Hugging the benchmark tends to be less common in the small-cap arena, as these funds demonstrate.
Our study finds that investors outperformed the average fund, but not its index.