Last quote by Ben Johnson
Ben Johnson quotes
These fee cuts may actually move the needle more for fund sponsors, who stand to win market share, than they might for investors, who may or may not be able to save a few bucks on fees.
This movement has been afoot for some time.
I expect that firms' last resort will be to cut management fees – which haven't budged much on average.
If I was a 400-pound hacker sitting on a bed, I would target Pennsylvania.
If someone with a keyboard and mouse can literally create this doubt in the process itself, that's a tremendous amount of power over a country like ours.
The paper trail is important. The voting machines are known to have vulnerabilities, or there's risk that they could be manipulated.
Investors are choosing low-cost funds period, whether they are mutual funds or ETFs.
Over the past decade, 95 percent of all flows have gone into funds in the lowest-cost quintile.
It's not so much about active versus passive as it is about fees.
It's not a question of whether the trend continues but at what pace. We're seeing a wholesale shift away from actively managed funds to passively managed ones.
Investors have become more familiar and comfortable with fixed-income ETFs. They're using them to build out larger parts of their portfolios.
The debate between active and passive is based on a false premise. The world is complicated and it's not black and white.
If 'large value' as a style is sucking wind, there's an easier hurdle for active managers to leap over.
They're profitable and healthy. And they have a sustainable competitive advantage to keep competitors at bay.
Yield is market-dependent.
Every eye is on ExxonMobil now.
This is their time to shine.