What's Holding Back Fund Flows?
Jack Bogle thinks the slowdown in U.S. equity fund flows could be caused by indexing having less room to grow.
Note: This video is part three of nine of an interview between Morningstar's Christine Benz and Jack Bogle, founder of Vanguard, at the 2018 Bogleheads conference. Watch the other segments here.
Christine Benz: When we look at fund flows in contrast with a decade ago, we see a little bit of a contrarian tendency with investors buying bonds and international equity at a time when the U.S. equity market has performed very well.