FYI: If you’re a bond manager, you may think index funds are the headache of your stock-picking colleagues.
Think again. U.S. managers tracking indexes oversaw a record 27 percent of the money in taxable-bond mutual funds and exchange-traded funds as of Feb. 29, compared with 20 percent at the end of 2013, according to Morningstar Inc. While the proportion is smaller than the roughly 40 percent of equity-fund assets in passive products, the trend and the reasons -- cost savings and a poor performance of active managers on average -- are similar
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-04-08/bond-managers-beware-index-funds-are-coming-for-your-money-too
