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The Next Generation of Fund Investing -- Where the industry is headed -- John Rekenthaler

davfordavfor
in Fund Discussions
The fund industry is a supertanker. Its turns are almost imperceptible. This sluggishness occurs not only because the industry is mature, such that existing assets dwarf the amount of annual sales, but also because old habits die hard....Eventually, though, the future will arrive, with millennials taking the place currently occupied by baby boomers, just as the boomers displaced their predecessors. And when that happens, the leading funds will look rather different than today’s.
https://morningstar.com/articles/1044327/the-next-generation-of-fund-investing

Comments

  • LewisBraham
    edited June 2021
    This is an interesting development for ESG investors. The Engine No. 1 ETF will be seeded with $100 million, has a 0.05% expense ratio, invests like the S&P 500 and will finally vote the right way on ESG issues: https://etf.engine1.com/ That means if it gets a suitable amount of trading volume, it could easily compete with Vanguard's and BlackRock's S&P 500 ETFs, which generally vote against ESG shareholder activists.
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