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.

If the move to passive investing continues at the same furious pace as in recent years, the total assets under management in U.S. equity passive index funds will outpace AUM in active funds by the end of 2019.

John Bogle introduced the first retail index mutual fund in 1976. He built Vanguard to $4.9 trillion in assets under management.

How investment products are created and sold now is the reverse of two decades ago.