The ETF thing really hit Vanguard in the solar plexus. They're worried about losing their lunch to Barclays. |
The significance (of the dethroning) is a little perverse. It's occurring as investors are beginning to flee the index fund. |
These three-year numbers that are going to be popping up in the media, and in advertisements over the next week or two, are going to be astounding. |
This is a big PR story. |