FYI: This week Steven Hawkins, chief executive officer of Horizons ETFs Management Canada, said the mutual fund industry “is dead” amid a race to zero on fees in ETF industry. Cullen Roche, founder of the Orcam Financial Group, talks with Bloomberg's Scarlet Fu about this race to zero, and why Roche thinks the active-passive distinction is false.
Regards,
Ted
https://www.bloomberg.com/news/videos/2018-10-04/is-the-mutual-fund-industry-dead-video
