The Fed’s pledge last week to buy investment-grade credit and certain ETFs helped halt the slide in mutual fund net-asset values and sparked a rally in higher-rated debt.

The prevailing feature of the recent turbulence is that nothing has really worked as it was supposed to work.

Last week, fund companies began liquidating about 75 so-called tender-option bond trusts holding $1.2 billion worth of state and local government debt

The inevitable downgrades from triple-B to double-B will put money managers to the test.

If stock pickers can’t outperform indexes in the current volatility, they should shut up shop.

Passive investors calmly bought amid the market plunge while the titans liquidated.

Few people think to look at the impact of capital gains on their mutual funds.

The hurdles asset managers have to overcome are significant—but so is the opportunity.

Nearly half of active U.S. stock funds (48%) outperformed their average passive peers in 2019, up from 38% in 2018, according to Morningstar.

Underinvestment in V2C puts the potential benefits of other imperatives at risk.