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Who Killed The Active Fund Manager ?

FYI: V anguard Advisers Inc. Chief Executive Officer Bill McNabb has identified an unusual suspect in the investment management world's favorite parlor game: the Chartered Financial Analyst.

The increased "professionalization" of the industry has fueled the growth of low-fee passive funds over actively managed offerings, according to McNabb.
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2017-04-04/index-king-vanguard-knows-who-s-killing-active-managers
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