FYI: Mutual-fund companies counting on a return of stock-market volatility to revive interest in actively managed funds should look elsewhere, according to Sandford C. Bernstein’s top executive.
After suffering years of outflows as investors channel more and more of their money into cheaper indexed products, some managers welcomed a return of price swings and last year’s market plunge as the beginning of better times for stock pickers. Robert van Brugge, Bernstein’s New York-based chief executive and chairman, says that’s a mistake.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-02-14/stock-volatility-won-t-save-actively-run-funds-bernstein-says
