"If financial advisors accomplish just one thing—to give clients the courage to stay the course, to not sell at the bottom, and not buy more of the hot sector at the top—they’ve accomplished something of great value and should be proud of it."

The trend to reduce fees and increase transparency will push plan sponsors toward clean shares.

The gains may help ease the fiscal strain on state and local governments that have nearly $2 trillion less then they need to cover all the benefits that have been promised

It’s better to be cautious now than to hold on until it’s too late, DoubLine Capital's CEO warns.

A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.

Global bond funds also kept their streak alive while money continued to flow out of Asia-Pacific bond funds.

Redemptions from Healthcare/Biotechnology were heaviest since January.