FYI: There’s a little of that Roaring ‘20s feeling to the fund industry these days.
A nine-year bull market has made fund companies tremendously profitable. You’ve heard about the move from active to passive funds, but today there is $11.7 trillion in actively managed funds. That’s huge increase from the first quarter of 2009. Obviously, appreciation has more than made up for outflows.
Yet, beneath the surface there are signs that the industry faces tremendous challenges, and that will likely affect funds you own in the coming years.
Regards,
Ted
https://www.morningstar.com/articles/903248/flowmageddon-why-investors-should-watch-fund-flows.html
