FYI: mentioned earlier that the internet itself disrupted bad active management, rendering it no longer a viable business model.
The flows data year-to-date bear this out quite visibly, according to Bloomberg’s Eric Balchunas:
With fresh HF data in, here’s latest ytd flows:
ETFs: $104b
Index Funds: $77b
Hedge Funds: -$22b
Active MFs: -$76b
Regards,
Ted
http://thereformedbroker.com/2016/07/21/evidence-is-beating-advertising/
