Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Low-Cost Leviathan's Growth Slows, But ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 08, 2019

The Low-Cost Leviathan's Growth Slows, But ...

News summary by MFWire's editors

The growth of the mutual fund industry's low-cost leviathan is slowing, but it's still on top.

Mortimer J. Buckley
Vanguard
President, CEO
Last year Vanguard brought in $232 billion in net inflows in 2018 according to the company's preliminary estimates, the Financial Times reports. That, according to the paper, puts the mutually-owned mutual fund firm on top of the pack in terms of net inflows for the seventh year in a row, despite a 38-percent drop from its record 2017 net inflows of $371.9 billion. As noted last week, it looks like another passive titan was also behind its 2017 numbers last year.

"The rise of passives is flushing out mediocrity," Amin Rajan, chief executive of Create Research, tells the FT. "Active managers face epochal challenges to raise their game."

Tim Buckley, CEO of Vanguard, says that investors "have been more conservative over the past 18 months, taking risk off the table and moving into bond and money-market funds." He also pushes back against claims that indexing is too concentrated in too few players.

"Index funds remain a small percentage of the overall market. We remain far away from ownership concentration levels by index tracking funds that would be a cause for concern," Buskley says. "It is wrong to start to worry about issues that may not come to pass." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use