If the move to passive investing continues at the same furious pace as in recent years, the total assets under management in U.S. equity passive index funds will outpace AUM in active funds by the end of 2019.
John Bogle introduced the first retail index mutual fund in 1976. He built Vanguard to $4.9 trillion in assets under management.
How investment products are created and sold now is the reverse of two decades ago.
Those who own the most equities don’t have a lot of time to recover before retirement, and are likely to sell into any rally.
The Fidelity Select Medical Technology and Devices Portfolio bested its peers in 2018 with returns of 16 percent.
Mutual funds could serve as a model for managing individuals’ data.
If the current trend holds, ETFs will surpass mutual funds and top 50 percent of assets in 2019.
The independent broker/dealer is making it a lot easier—and less expensive—for advisors to run their own portfolios within its centrally managed account platform.
The wealth manager said its ratings will give advisors and clients better clarity into how portfolios are exposed to environmental, social and governance risks.
Fidelity's 41 money-market funds make up one-fourth of its $2.6 trillion under management.