The article provides information on the performance of the Kiplinger 25, a list of favorite actively managed, no-load mutual funds. It discusses the average returns of diversified U.S. stock funds, foreign stock funds, and bond funds. The article also mentions two changes to the list and provides summaries and performance details for each fund. This resource is valuable for library patrons researching mutual funds and seeking information on specific funds in different sectors. Additionally, the article includes model portfolios for different risk tolerances, with suggested allocations to different mutual funds. [Extracted from the article]
The article provides an overview of the performance of various mutual funds in different categories in 2023. It highlights the strong gains made by giant U.S. tech stocks, as well as small and midsize company stock funds. Foreign stocks, particularly in developed countries and emerging markets, also saw positive returns. The article includes tables listing the top-performing funds in different categories for different time periods, as well as information about specific funds and their investment strategies. It emphasizes the success of funds in smaller markets and mentions the popularity of bitcoin funds and options-based strategies. [Extracted from the article]
Forced labor clearly violates the social pillar of ESG standards, but some analysts noted that it is a widespread issue and praised the firm for addressing the problem quickly. Now, corporate executives and fund managers are more often seeking to provide investors with precise terminology and specific facts to show a company's commitment to issues that are truly material to the firm's business. INVESTING THE KIPLINGER ESG 20 It has been a challenging year for ESG investing, or investing with an eye toward environmental, social and corporate governance issues. But Calvert's veteran ESG fund managers invest in the stock because of the way the company balances profits with providing medicine at no or low cost to consumers facing financial difficulties. [Extracted from the article]
We did that in the Kiplinger ETF 20, our favorite exchange-traded funds, matching iShares Core S&P 500 ETF (symbol IVV, expense ratio 0.03%) with iShares Core S&P Mid-Cap ETF (IJH, 0.05%) and iShares Core S&P Small-Cap ETF (IJR, 0.06%). Take the Innovator S&P 500 Buffer ETF July fund. Consider, for example, three small-company index funds: iShares Russell 2000 ETF, SPDR Portfolio S&P 600 Small Cap ETF and Vanguard Small Cap Index. Pair an S&P 500 index fund, for instance, with an S&P SmallCap 600 index fund to avoid any overlap in stock holdings. [Extracted from the article]
Only one firm, Robinhood, offers a sweep account for uninvested cash to earn interest (as much as 4.65% for premium Gold customers; 1.5% for non- Gold customers). Half the firms, including E*Trade, Fidelity, J.P. Morgan, Merrill Edge and Schwab, have an enhanced tier of service that allows customers to talk to a human being if necessary - in many cases, a certified financial planner. The firm lets its customers buy fractional shares in thousands of stocks and 3,125 ETFs for as little as $1. We tried to figure out how much accessible research was available to investors at each firm - from in-depth reports by analysts who pore over balance sheets and income statements and talk with company executives to easy-to-decipher technical and quantitative research. [Extracted from the article]
Berkshire Hathaway, led by Warren Buffett, made some notable portfolio moves in the fourth quarter of 2023. The company trimmed its stake in Apple, but the sales were likely an attempt to maintain a balanced portfolio. Apple still accounts for over 50% of Berkshire's total portfolio value. Berkshire also increased its holdings in Chevron and Occidental Petroleum, taking advantage of weakness in the energy sector. Additionally, the company quadrupled its ownership of shares in Sirius XM Holdings. On the selling side, Berkshire reduced its stake in HP and Paramount Global, and completely sold out of positions in D.R. Horton, StoneCo., Markel, and Globe Life. [Extracted from the article]
INVESTING TO FUNDS IN 11 CATEGORIES LARGE-, MIDSIZE-AND SMALL-COMPANY STOCK FUNDS, FOREIGN STOCK FUNDS, HAYRID FUNDS, SECTOR FUNDS AND MORE Few investors are sad to see the back of the past year. SOURCE: Morningstar Direct
DIVERSIFIED EMERGING-MARKETS FUNDS
Value triumphs over growth.
Emerging-markets funds with a value tilt fared best over the past year - that's what Seafarer Overseas Value, Pzena Emerging Markets Value and Pimco RAE Emerging Markets have in common.
Here we go again: Heavy stakes in energy helped lift a few small-cap value funds to the top of the one-year tables, including Auer Growth (27% of assets in energy), Invesco Small Cap Value (18%) and Kinetics Small Cap Opportunities Fund (55%). Matthews Asia funds stand out, including Matthews Emerging Markets Sustainable Future (formerly Asia ESG fund), which emphasizes companies making a positive environmental, social and economic impact in the developing world, and Matthews Asia Innovators fund, which zeros in on innovative companies in Asia outside of Japan.
1 YEAR
1. But over longer hauls, funds with a growth bent, such as Wasatch Emerging Markets Select and Fidelity Emerging Markets, have posted solid returns. [Extracted from the article]
Recently, however, the fund lagged the S&P 500 in 2019, 2020 and 2021 - three go-go years for stocks (aside from the short pandemic bear market) - despite turning in double-digit returns. The fund has stumbled along with other growth-stock funds recently, as market attention has turned toward bargain-priced stocks. Vanguard Target Retirement 2030 Fund: BUY Several Vanguard target-date funds rank among the most widely held funds in 401(k) plans. [Extracted from the article]
What's more, the minimum investment required for funds in the firm's OneSource network - just $100 - is less than other firms' typical requirement. But overall, it's worth noting that the charting capabilities of the mobile apps across all five firms wasn't nearly as strong as those found at some of the bigger firms, including E*Trade and WellsTrade. Fundamental research on companies, including reports on how certain firms rank on sustainability or environmental, social and corporate governance issues, is hard to find at the smaller firms. The remaining five firms are smaller in stature, but each has something to offer: Ally Invest, Firstrade, Interactive Brokers, J.P. Morgan Self-Directed Investing and WellsTrade, the brokerage arm of financial firm Wells Fargo. [Extracted from the article]
Ultra-short-term bond funds have outperformed long-term bond funds in recent years due to higher yields on short-dated notes. This trend is expected to continue throughout 2024, according to market strategist Brad Rutan. Investors are advised to consider investing in ultra-short-term bond funds, such as the T. Rowe Price Ultra Short-Term Bond, which has returned 6.6% over the past 12 months and currently yields 4.9%. The fund primarily invests in investment-grade debt with maturities of one year or less, including U.S. corporate bonds, asset-backed securities, mortgage-backed securities, and Treasury notes. [Extracted from the article]
The article discusses the opportunities for investors in the housing market through securities issued by the Government National Mortgage Association (Ginnie Mae). Ginnie Mae backs bonds made up mostly of pools of mortgages on single-family homes and these securities are guaranteed by the federal government. Over the past 20 years, mortgage-backed securities have typically yielded half a percentage point more than similar Treasury offerings. The article also mentions Vanguard GNMA as a recommended mutual fund in this category, with a low expense ratio and a strong track record. [Extracted from the article]
This article from Kiplinger Personal Finance discusses the success of high-yield investments over the past 15 years. It highlights the impressive returns of companies like Apple, Amazon, and Microsoft, as well as various funds and partnerships. Contrary to the belief that high-yield investments are risky or unsustainable, many of these investments have provided consistent interest and dividends while maintaining or increasing their share prices and net asset values. The article emphasizes the success of Ares Capital, Pimco funds, Invesco Senior Income Trust, and other high-payout investments. It concludes that high-yield investments have proven to be profitable and reliable over the long term. [Extracted from the article]
These funds typically build their long and short bets with an overall target in mind for net long exposure, or the difference between the fund's long and short positions. We'll introduce three of them here: long-short funds, market-neutral funds and managed-futures funds. MARKET-NEUTRAL FUNDS Market-neutral is a long-short strategy with a twist: The funds balance long and short stock exposures in order to achieve a 0% net long exposure to the stock market. The fund selects investments among 10,000 stocks listed around the globe, which are first filtered by a quantitative process that helps to identify statistically cheap stocks with good businesses for the long side of the portfolio and, conversely, low-ranked securities with declining earnings trends for the short side. [Extracted from the article]
Baron Focused Growth, too, holds half of its assets in midsize-and small-company stocks; the other half is in large firms. INVESTING ILLUSTRATION BY CAROLYN Sewell Top Funds in 11 Categories LARGE-, MIDSIZE-AND SMALL-COMPANY STOCK FUNDS, FOREIGN STOCK FUNDS, HYBRID FUNDS, SECTOR FUNDS + MORE! For broader exposure, consider Matthews Asia Innovators, which invests in companies across Asia (firms in China and India account for 75% of the fund's assets) that are shaking up their industries. William Blair Emerging Markets Growth focuses on high-quality, fast-growing firms - tech companies, including Taiwan Semiconductor Manufacturing and Samsung Electronics, make up 36% of the portfolio. [Extracted from the article]
The utility sector has historically underperformed the broader market, but this year it has seen significant gains. Investor interest in defensive stocks and the potential benefits from artificial intelligence ventures have contributed to the sector's success. The Fidelity Select Utilities Portfolio, managed by Douglas Simmons, has performed well by investing in out-of-favor stocks like PG&E. The fund has consistently ranked in the top 1% of utility funds and has a projected long-term growth rate of 10%. [Extracted from the article]
The article discusses the volatility in the bond market due to the Federal Reserve raising interest rates. Despite the challenges, the Fidelity Intermediate Municipal Income fund has delivered a 2.7% return over the past 12 months, outperforming the Bloomberg Municipal 1-15 Year index. The fund focuses on municipal bonds, which provide tax-exempt income. The fund's success is attributed to its collaborative approach, extensive research, and investment in revenue bonds. The fund yields 3.4%, equivalent to a tax-adjusted 4.5% for investors in the 24% federal income tax bracket. [Extracted from the article]
The article discusses the potential boost that smaller stocks could receive from lower interest rates. The Russell 2000 Value index, which tracks small-company shares, has historically had lower returns compared to the S&P 500 index. However, some actively managed small-cap value funds have recently performed well and kept pace with the large-cap benchmark. One example is the Royce Small-Cap Value fund, which had a decent year in 2022 and ranked in the top 6% of its category for 2023. The fund's portfolio manager believes that falling interest rates make it a favorable time to invest in small-cap value stocks. The article also provides rankings of small company value funds and the largest stock and bond mutual funds based on their returns and asset size. [Extracted from the article]
The article discusses the performance of various exchange-traded funds (ETFs) in the stock market in 2023. It highlights the success of seven stocks, including Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, which drove the overall market performance. Funds that held these stocks performed well, such as iShares Core S&P 500 and Technology Select Sector SPDR. Additionally, small- and midsize-company stock funds had a mixed year, while international stocks benefited from a weakening dollar. The article also provides information on the performance of dividend stock funds and strategic stock funds. [Extracted from the article]
Fidelity Investments now offers a new service that allows customers to set up automatic, recurring investments in stocks and exchange-traded funds (ETFs). This is significant because other major brokers have only allowed automatic investing in mutual funds. The service also allows customers to take advantage of dollar-cost averaging, which involves investing equal dollar amounts at regular intervals to buy more shares when prices are low and fewer shares when prices go up. [Extracted from the article]
Fidelity Charitable, Schwab Charitable and Vanguard Charitable charge an annual administration fee of 0.60% or $100, whichever is greater, on the first $500,000 (amounts greater than $500,000 have a tiered fee structure). If you have received a cash windfall and want to donate a portion of it, parking the cash in a donor-advised fund is a safe bet. For the 2021 tax year, you can deduct cash contributions totaling up to 100% of your AGI that are made directly to charities - but the limit is still 60% of AGI for a donor-advised fund. REWARDS ILLUSTRATION BY FRELLY (ENRICO FOCARELLI BARONE) When the Tax Cuts and Jobs Act nearly doubled the standard deduction starting with the 2018 tax year, charities and tax experts expected donations to drop. [Extracted from the article]
CORE STOCK FUNDS ISHARES CORE S&P 500 (SYMBOL IVV, $437, EXPENSE RATIO 0.03%) As a portfolio mainstay, you can't go wrong with this ETF, which tracks the S&P 500. Despite dismal returns since the start of 2021, the fund's fiveyear annualized gain was a charttopper - it beat all but one tech stock fund (its sibling ARK Next Generation Internet ETF), as well as every diversified U.S. stock fund or ETF. We got the stability - the preferred fund was two-thirds less volatile than the typical financial stock fund - and the higher yield (4.56%, compared with 2.07% for the typical financial stock ETF). INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE (RYH, $299, 0.40%) This fund invests in all of the health care stocks in the S&P 500 index - 64 at last count - in equal shares of the fund's assets. [Extracted from the article]
Kilbride: Most people think of dividend investing as equity-number-one income investing - that is to say, you get a predetermined amount in a dividend check every quarter. The ESG stocks we like aren't just nicer companies, they're better companies. DONALD KILBRIDE Manager, Vanguard Dividend Growth Known for delivering consistent returns and preserving wealth in down markets, Kilbride focuses on a portfolio of about 40 companies that regularly increase the size of their dividend payouts. INVESTING Like many investors, you might be managing your nest egg in do-it-yourself mode, despite never studying finance or economics like the Wall Street MBAs and PhDs who construct portfolios for a living. [Extracted from the article]
It invests in companies that are developing AI products and services as well as in companies responsible for hardware that helps facilitate AI for big-data uses. INVESTING SPREAD YOUR BETS INVESTORS have had access to artificial intelligence-related stocks and funds for years. It focuses both on companies bringing artificial intelligence to the masses and other businesses and on companies whose products make AI possible. [Extracted from the article]
Our diversified U.S. stock funds, on average, beat the S&P 500 index; our foreign stock funds trounced the MSCI EAFE index of stocks in foreign developed countries; and our bond funds, overall, delivered bigger gains than the Bloomberg Barclays U.S. Aggregate Bond index. Kip 25 highlights: Seven of our diversified U.S. stock funds beat the S&P 500 over the past 12 months, including one value-oriented fund (Dodge & Cox Stock) and all three of our small-company stock funds. CONSERVATIVE PORTFOLIO MUTUAL FUND % of portfolio DoubleLine Total Return Bond 25% Fidelity Strategic Income Fund 20 T. Rowe Price Dividend Growth 15 Vanguard Equity-Income 15 Vanguard Sht-Trm Invest-Grade 15 Vanguard Emerging Markets Bond 5 Vanguard High-Yield Corporate 5 The last word: After a long drought, small value stocks - and thus this fund - are looking like a tall glass of water. Yields listed for bond funds are SEC yields, which are net of fees; stock fund yields are the yield for the past 12 months. [Extracted from the article]
In recent years, though, companies such as DPL Financial Partners, which distributes annuities and life insurance to financial planners, have developed commission-free indexed annuities. In exchange for taking on this higher level of risk, buffer annuities offer the potential for you to earn higher returns on the upside - for example, up to 15%, instead of 6% for a fixed-index annuity, Lau says. Most multi-year guaranteed, fixed-index and buffered annuities impose surrender charges if you withdraw your money before a specified period of time (typically six to 10 years for fixed-index and buffered annuities). Other Types of Annuities Besides the indexed annuities discussed in the accompanying article, these are the most popular types of annuities: Single premium immediate annuity. [Extracted from the article]
Stocks in the Russell 2000 small-company index rose 20% in 2020, topping the S&P 500, a benchmark of mostly large firms, for the first time since 2016. Two firms run the fund with slightly different approaches: Baillie Gifford, which manages 60% of the assets, will pay up for stocks with explosive growth; Schroders favors firms that are growing fast but are underappreciated. Shares in small foreign companies had a banner year, but funds that focused on fast- growing firms stood out. Firsthand Technology Opportunities manager Kevin Landis, who has run the fund since its 1999 launch, buys young tech firms with big growth potential, such as streaming-content providers, web-security players and cloud-computing- software firms. [Extracted from the article]
Vanguard has launched a new international fund called Vanguard International Dividend Growth (VIDGX) that focuses on companies committed to raising their dividends. The fund is managed by the same team behind Vanguard Dividend Growth, a successful U.S. stock fund, and follows the same investment philosophy. The portfolio consists of approximately 40 stocks from well-known multinational companies based in Europe, Japan, Hong Kong, and Canada. The fund is designed to provide stability and yield around 3%, with annual dividend increases of 10% on average. While the fund is relatively new and lacks performance data, it is worth monitoring for its long-term track record. [Extracted from the article]
William Nygren, who has comanaged the fund for 23 years, believes "natural economic forces" will eventually raise the prices of stocks currently trading below the market's average price-earnings ratio (19 times expected earnings as of August 31). Investors who believe a value cycle is due to return can consider a value fund such as the Oakmark Fund. MUTUAL FUND SPOTLIGHT OVER most of the past decade, the stocks of fast-growing (even if unprofitable) tech companies have soared past so-called value stocks that trade at bargain levels based on earnings per share, book value or other measures. [Extracted from the article]
KIPLINGER 25 UPDATE WE added a commodity-focused fund to the Kiplinger 25 two years ago because of rising inflation. Rowe Price Global Technology PRGTX 15.2
6.8
15.3
0.0
0.95
TCW Enhanced Commod Strat
TGABX
-9.8
7.6
0.1
2.4
0.75
Annualized total return
Expense ratio
Bond Funds
Symbol
1 yr.
5 yrs.
10 yrs.
Yield
Baird Aggregate Bond
BAGSX
-0.8'
% 0.6%
1.7%
4.2%
0.55%
Fidelity Interm Muni Income
FLTMX
1.9
1.6
2.3
3.2
0.35
Fidelity Strategic Income
FADMX
3.3
2.4
3.2
5.6
0.68
T. Yields listed for bond funds are SEC yields, which are net of fees; stock fund yields are the yield for the past 12 months. ht. [Extracted from the article]
*CAPITAL gains, *INDIVIDUAL retirement accounts, *RETAIL store remodeling, *HOTEL remodeling, *FAIR value, *STOCK funds, *CAPITAL gains tax, *EXTERNAL hard disk drives, *MEDICAL savings accounts
Abstract
MONEY THE IRS, WHICH IS DEALING with a backlog of unprocessed tax returns dating back to 2020, has urged taxpayers to file their returns electronically. If you realize later that you had enough medical expenses to cross the threshold, you could file an amended return on IRS Form 1040X and claim the deduction. You'll need to report the purchase date and price when you file your taxes for the year an investment is sold to establish your cost basis, which will determine your taxable gain or loss. [Extracted from the article]
A compound yield assumes that interest and dividends are reinvested over the 30-day period, which can be helpful if you're comparing it to bank money market accounts, whose yields reflect compound interest. The 30-day compound yield, which we run in the Top-Yielding Savings table on page 50, starts with the net yield, which reflects interest and dividends minus expenses. But when investors see a recession looming and therefore expect interest rates to fall, they bid up long-term bond prices in anticipation, sometimes pushing yields on long bonds below short-term yields. [Extracted from the article]
Since the start of 2021, the "overwhelming" majority of new ETF launches have been actively managed, says Todd Rosen-bluth, S&P Global Research head of ETF and mutual fund research. HT
Exchange-Traded Fund/ Mutual Fund
Symbol
Expense ratio
1-year total return
American Century Focused Dyn Gr ETF
FDG
0.45? For instance, on a recent day in early September, Fidelity Blue Chip Growth ETF held roughly 330 stocks; the mutual fund, 448; and the ETF's proxy basket, 285. [Extracted from the article]
*BROKERS, *SECURITIES trading, *GOING public (Securities), *STOCKBROKERS, *STOCK funds
Abstract
Firms that don't will likely route your order to the trading firm that can get you the best price. Schwab, Fidelity and Interactive Brokers allow customers to trade partial shares of stock. For investors who don't know exactly where to get started, six firms - E*Trade, Fidelity, Merrill, Schwab, TD and WellsTrade - offer prescreened lists of highly rated mutual funds. Those six firms plus You Invest offer curated stock lists, too, provided either by an outside firm or through a broker's affiliated investment-research arm. [Extracted from the article]
The S&P MidCap 400 benchmark of midsize firms gained 26.2%, and the Russell 2000 small-company stock index climbed 25.5%. Managers at the firm's similarly concentrated Sustainable Growth fund seek firms with a competitive advantage due to green factors such as resource-efficient design or manufacturing. Manager Jed Weiss favors attractively priced shares in large, growing foreign companies that can raise or hold prices firm even when demand is sluggish. Investors looking for a solid Japan-focused fund should consider Hennessy Japan Small Cap, which focuses on small firms with clean balance sheets, above-average earnings growth that is sustainable and predictable, and strong cash flow. Schwab Hedged Equity uses Schwab's inhouse stock ratings system to make calls on stocks. [Extracted from the article]
The article offers a guide for investors to selecting from the top active funds in the U.S. that would work best for 401(k) plans. Topics covered include methodology employed to assess actively managed funds, why Fidelity Contrafund is best for growth investors who look for steady results, rate of return of the Vanguard Equity-Income, and why Vanguard Wellington is best for investors looking for a low-cost fund that holds both stocks and bonds.
The article discusses the funds to explore satellite strategies and anthem for investors in Exchange-Traded Funds (ETF). Topics discussed includes information on ETF's top holdings real estate investment trusts; focus on environmental, social and corporate governance characteristics to pick stocks; and description of offerings of Ark Innovation ETF.
Yields listed for bond funds are SEC yields, which are net of fees; stock fund yields are the yield for the past 12 months. The average credit quality of this kind of debt, say the fund's managers in a recent report, is now investment grade - albeit triple-B, the lower end of high-quality debt. The fund, which yields 7.5%, currently holds 83% of its assets in sovereign or sovereign-related debt; the rest is invested in a smattering of corporate debt, local debt and cash. [Extracted from the article]
INVESTING MANY investors are looking to lock in today's higher interest rates to secure an inflationbeating return. Investors who want the long-term protection promised by stocks' capital gains but also want some income along the way can consider equity-income mutual funds, which aim to offer both. But the fund has kept up with the bull market, returning 12.9% over the past 12 months (the S&P 500 index has gained 13.0%). [Extracted from the article]
Exchange-traded fund ALPS Sector Dividend Dogs (symbol SDOG) lost just 0.2% last year as the S&P 500 index, including dividends, disgorged 18.1%. The backdrop: In 2022, highdividend shares, led by energy and utilities, were the stoutest line of defense, along with the Dogs, the highest-yielding listings in the broad averages or each industry sector. [Extracted from the article]
And as prices in economically sensitive stocks sank, Weiss beefed up stakes in Japanese industrial exporter Keyence, ASML Holding and Safran. It has been two years since we checked in with Jed Weiss, manager of Fidelity International Growth. Yields listed for bond funds are SEC yields, which are net of fees; stock fund yields are the yield for the past 12 months. [Extracted from the article]
The fund has a duration (a measure of interest rate sensitivity) of 3.9, implying a 3.9% gain if rates fall by one percentage point. Unless otherwise indicated, funds come in mulitple share classes; we list the share class that is best suited for individual investors. t For all share classes combined. With an expense ratio of 0.55%, the fund yields 4.3%. [Extracted from the article]
You can check a fund database, such as the one from investment research giant Morningstar (www.morningstar.com), to see how a particular fund's fee compares with others in its category, along with other relative data points. Income-focused funds, by contrast, might prioritize bonds that generate income. FUNDAMENTALS WE GET IT: NO ONE WANTS TO READ A fund prospectus, and few investors ever do. [Extracted from the article]
Add up all your investments in all accounts by asset type - stocks, bonds and cash, say - and realign them with the allocation set out in your investment plan. Setting your investment contributions to automatic is the best way to keep your stress low and your investment plan on track, says Matteo Hoch, of Las Vegas-based Bird Spring Financial. FUNDAMENTALS PRACTICAL PORTFOLIO LET'S BE REALISTIC: ODDS ARE THAT however motivated you feel today, your New Year's resolution to improve your life by, say, doing 100 push-ups every morning or cutting those expensive lattes out of your budget will be kaput by February. [Extracted from the article]
The investment-research firm expects Haliburton to generate strong free cash flow in the coming quarters and notes that the company nearly tripled its dividend in January 2022. Morgan Stanley analyst Matthew Harrison upgraded the stock recently to "overweight", citing the strength of the company's pipeline and the stock's undervalued price. INVESTING ADVANCED MICRO DEVICES (SYMBOL AMD, $62) Analysts have mixed ratings on this leading semiconductor manufacturer, in part because an economic slowdown and negative investor sentiment are near-term obstacles. [Extracted from the article]
For these reasons, I am recommending that investors go light on Chinese shares or buy funds such as ISHARES MSCI EMERGING MARKETS EX CHINA, an ETF that owns no Chinese stocks at all. In 1988, the research firm MSCI launched its Emerging Markets index, with stocks from 10 countries that represented just 0.9% of MSCI's All Country World index. Another attractive fund is INVESCO S&P EMERGING MARKETS LOW VOLATILITY, an ETF that is linked to an index consisting of the 200 least volatile mid- and large-company stocks in S&P's emergingmarkets index. [Extracted from the article]
The article focuses on changes in mutual funds. It mentions that investors have been dumping their high-cost actively managed mutual funds for low-cost index mutual funds and exchange-traded funds (ETFs). It informs that U.S. stock funds, continue to lose money as index mutual funds and ETFs are attracting investors.