Regulator is looking into whether firms have a process and supervisory procedures in place to waive fees.
Customizing portfolios introduces human frailty and failure.
The investment strategy has only outperformed buy and hold 24% of the time since the end of 1990, according to S&P Global.
As with equities, passive funds are often the better bet.
The tech giant's shares have tumbled more than15% since mid-April, dragging down funds with heavy exposure to the stock.
Some muni funds, such as Oppenheimer, are over-exposed to the risky bonds.
Offerings from iCapital, CAIS and Goldman Sachs now available.
Closet indexers virtually guarantee lagging performance
Beleaguered fund fights to find footing after ill-fated Valeant Pharma bet.
A $2 billion payment is due July 1 and funds still have big chunks of the bonds in their portfolios.
The move is another sign that the days of high-cost funds are numbered, and that the Department of Labor's new rule is speeding that decline.
The simplest strategy often turns out to be the best.
In the past two weeks, the tech giant has seen its stock tank 16.3% thanks to disappointing earnings report.
<i>Breakfast with Benjamin</i> The message is being put out loud and clear: investors want lower-cost investment products.
Plus: Warren Buffett isn't sweating the election outcome, find out if you're getting a fair price for airfares, and a Goldman Sachs gym with progressive membership dues
In the latest sign of the changes to come in the wake of the new DOL fiduciary rule, Charles Schwab is taking mutual funds with sales loads off its shelves.
Increased SEC scrutiny may be making ETF providers uncomfortable, and the industry may soon have to adapt to new regulations. </br><b><i>(More: <a href="http://www.investmentnews.com/section/specialreport/20160417/ETF042016" target="_blank">The full Spotlight on ETFs special report</a>)</b></i>
His six funds on average beat more than 90% of rivals
High-fee, actively managed funds fail in the long term.
