A Prediction for the Future of Active Management

Laurence Articles

What effect will the index fund revolution and the Department of Labor’s (DOL) fiduciary rule have on active managers? The data shows that active management is still a healthy business model. But industry consolidation is coming and advisors will need to change the way they construct portfolios. Indexing is a very low-fee business, with the standard-setting fund Vanguard Index 500 …