The Business Times

Brooke Masters, Will Schmitt, Madison Darbyshire, and Harriet Agnew

Mutual funds manage nearly US$20 trillion in US assets and about US$63 trillion worldwide, but their dominance is under threat from newer rivals that promise tax advantages, lower fees and rapid trading.
WEALTH & INVESTING

The mutual fund at 100: Is it becoming obsolete?

It enabled millions to invest in the stock market, but newer, nimbler products are reshaping asset management

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