In the Margins
American Funds has been awarded the top Stewardship Grade by Morningstar, which looks at corporate culture, fund board quality, fund manager incentives, fees, and regulatory history. In its analysis of American Funds' business and culture, Morningstar points to the firm's improvements in transparency, the betterment of its bond business, and its willingness to embrace change. Read the original story from Morningstar.
Most Read
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
The Securities and Exchange Commission this week said it found "deficiencies" and "weaknesses" in mutual funds' governance practices during examinations over the past four years. The ...