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Index Funds Don’t Hurt Consumers, But Monopolies Do
FYI: It’s clearer than ever that the actively managed mutual-fund industry, after 75 years of dominance, has succumbed to competition from low-cost indexing. There’s no one to blame but the funds themselves: They charge investors a lot more for inferior performance, which goes a long way toward explaining the multitrillion-dollar shift in how Americans invest their money. Regards, Ted https://www.bloomberg.com/opinion/articles/2019-05-14/index-funds-don-t-hurt-consumers-but-monopolies-do
