Active managers have themselves to blame with their antiquated fee structure. Paying an active manager ~1% in a zero percent world is insane. It's like running a race with your shoelaces tied together. Reduce active manager fees (a la ETFs) and suddenly the bar to outperformance get much lower.
Active managers have themselves to blame with their antiquated fee structure. Paying an active manager ~1% in a zero percent world is insane. It's like running a race with your shoelaces tied together. Reduce active manager fees (a la ETFs) and suddenly the bar to outperformance get much lower.