RT Journal Article
SR Electronic
T1 The Road Not Taken
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 83
OP 90
DO 10.3905/jpm.2017.44.1.083
VO 44
IS 1
A1 John C. Bogle
YR 2017
UL https://pm-research.com/content/44/1/83.abstract
AB The index fund revolution has changed the rules of the game for active mutual fund managers. This article offers a range of optimal business strategies for active managers—including management companies owned by financial conglomerates—who are competing in this new environment. The author then contrasts these business strategies for mutual fund managers with optimal fiduciary strategies for mutual fund directors, who are responsible for placing the interests of fund shareholders first.TOPICS: Mutual fund performance, manager selection