Tick, Tick, Tick: For Active Funds, It's Time to Adapt (or Die)
In the future, the active-fund industry must shrink, cut prices, better-align with investors, and differentiate.
Past, Present, Possible Future
Actively managed funds accounted for about 63% of U.S. open-end and exchange-traded-fund assets on May 31, 2017. Only three years prior, it was around 72%.
Source: Morningstar Analysts