Arguments that they lack transparency or may be subject to manipulation are largely off base.

The transition of power has picked up in recent years as consumers turn to cheaper products that track indexes instead of relying on a fund manager’s stock-selection prowess.

The regulator’s initiative will result in more than $125 million being returned to harmed investors.

The Massachusetts Secretary of the Commonwealth's securities division is requesting information about Fidelity's mutual fund fees.

Fidelity's fees and disclosures of them are being probed by the U.S. Department of Labor.

Financial firms introduced a slew of products that didn’t charge fees last year. Investors yawned.

For active managers to outperform, someone else must do badly, Sanford C. Bernstein's Robert Van Brugge said, and historically that’s been retail investors.

The global head of fixed income at the firm known for the indexing revolution says debt pickers can survive, but only if fees keep falling.

Stock and bond picking won’t vanish, but mutual fund outflows show they’re endangered.