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Mutual funds and ETFs each have their pros and cons. Investment advisors often use both for different reasons.

Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in its popular target-date retirement funds with surprisingly large tax bills.

Women who are financially literate can reach their long-term goals by making smart investments in mutual funds. Here’s why investing in mutual funds is a great choice for women.

Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm's flub, the plaintiffs say.