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Investors are swapping stock-picking firms for exchange-traded funds, pulling $119.3B out of...
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Friday, January 4, 5:30 AM ETInvestors are swapping stock-picking firms for exchange-traded funds, pulling $119.3B out of actively managed vehicles in January-November and pouring $154B into stock and bond ETFs, with both figures the largest since 2008. The trends reflect the under-performance and higher fees of the stock pickers. Companies benefiting include Vanguard, BlackRock (BLK) and Pimco, while those losing out include Artio (ART).
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