The Vanguard Group published recently its “How America Saves 2018” report, a trove of data on more than 4.9 million retirement savers in 401(k)s, 403(b)s and other defined-contribution plans.
Rumors of the demise of medium-sized asset managers have proved to be greatly exaggerated, so far.
Truly passive index and exchange-traded funds are winning over many financial advisers.
Donald Trump’s brewing trade war could have another collateral victim: Americans’ retirement savings.
Morgan Stanley has some computers.
The asset management industry is in a funk. The popularity of low-cost index trackers is crushing fees across the board, while Morgan Stanley reckons a shift to performance-based charges threatens half of the industry’s profit.
Why do workers in the financial industry get paid so much? There are many possible explanations, none of them completely satisfying.
Indexing pioneer Vanguard Group may be stock pickers’ last hope.