U.S. ETFs Reach $1.5 Trillion (10/13)

This article explains that U.S. ETF assets have almost tripled since the end of 2008 to $1.5 trillion.”

Fama’s Nobel Work Shows Active Managers Fated to Lose

By Charles Stein, 10/14/13

The work that earned Eugene Fama the Nobel Prize in economics provided the intellectual foundation for index-tracking funds, which have upended stock picking as investors abandon active money managers.

Fama, 74, has argued that financial markets are efficient and that stock-price movements are unpredictable, making it impossible for even professional money managers to gain an advantage. His conclusion that investors would be better off in low-cost funds that track the market’s performance helps explain the success of Vanguard Group Inc., the biggest U.S. mutual-fund company, as well as the rise of passive investments, which had more than $2.6 trillion in U.S. assets between exchange-traded funds and mutual funds at the end of 2012.

Click here for the full article and see InvestableBenchmarks.com.

 

 

 

Share Button

, ,

Comments are closed.

© 2013 ETF Portfolio Management, LLC

ETF Portfolio Management, LLC
350 Via Las Brisas, Suite 270
Newbury Park, CA 91320
Phone: (866) 409-5844 Toll-Free
Fax: (805) 480-1111
Email: info@etfpm.com

Privacy Policy | Terms of Use | Sitemap



        Website Design by Fresh Net