‘Massive passive’ funds squeeze stock pickers
A $4.5 billion buyout of Legg
Mason Inc by rival Franklin Resources Inc
announced on Tuesday is the latest example of how a decade-long
shift into low-cost, index-tracking products is pushing
stock-picking funds to join forces to remain competitive.
Mason Inc by rival Franklin Resources Inc
announced on Tuesday is the latest example of how a decade-long
shift into low-cost, index-tracking products is pushing
stock-picking funds to join forces to remain competitive.
Posted by Reuters
