A lot of people are starting to realize they need to diversify more than simply holding large cap stocks. The more sophisticated investors are going for a 'total-market' concept. They're buying not just large caps, but mid caps and small caps. |
Earnings have been very strong for companies across the board, so it's a nice environment for the market as long as the Fed is done with their tightening. |
I wouldn't say mid caps are a screaming buy, but they are somewhat attractive on a relative basis. |
Index funds really deliver what they promised, and you don't necessarily get that with an active manager. |
It's a very good launch for us. |
It's a way to gain low-cost, very tax-efficient exposure to the market. |
It's just 30 stocks, ... It is generally positive, but overall it doesn't change the position of institutional investors or individual investors for that matter. |
One-hundred billion is a big number but that's all it is. I don't pay much attention to bragging rights. That's not what investors are concerned about. Investors are concerned with returns. |
This is the 12th year in a row that [analysts say] it's a tricky market and you have to be a stock picker, ... For the past 12 years, active managers have consistently underperformed their benchmarks. |
This is the 12th year in a row that [analysts say] it's a tricky market and you have to be a stock picker. For the past 12 years, active managers have consistently underperformed their benchmarks. |
We don't believe this is any major result of a fear of large cap stocks. It's the idea you should have broader diversification. |
We have a patent on our Vipers ETF structure that we invented, |
We have a patent on our Vipers ETF structure that we invented. |
We would be willing to talk to other fund companies that would want to use the innovation. |