Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
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Read the article just the other day. It seems to me the author does not realize that "professionally managed assets" does include index funds.
The author quoted a Blackrock study about index mutual funds, ETFs, and active funds. Since Blackrock sponsors iShares ETFs, I'm pretty sure that they know that index funds are professionally managed assets. Their study indicates that only 28% of equities are held by index funds, active funds, and ETFs.
The proliferation of CFAs is an interesting development. Bogleheads probably aren't a factor in this dramatic increase in advisors.
The problem for active management is the costs matter hypothesis.
Now that is interesting. I can't help but wonder what the breakdown of the other 72% is. Provided the numbers are accurate.
Stocks not held through funds are held individually.
I can't verify Blackrock's statistics; however, you have pointed out what I found fascinating about the article. The inequality of the distribution of wealth reported by the mainstream media may explain where the other 72% exists. How it is invested is another story. The Battle for the Soul of Capitalism by John C. Bogle may provide some insight into the remaining 72%. This site never discusses this book by Saint Jack, which in my opinion is his greatest work after The Little Book of Common Sense Investing.Richard1580 wrote: ↑Thu Sep 13, 2018 8:07 pmNow that is interesting. I can't help but wonder what the breakdown of the other 72% is. Provided the numbers are accurate.