The Return of Active Management
May 08, 2021 at 07:00 AM EDT
By Jared Dillian Funny how things change. If you go back to 2015–2017, the biggest fad in finance was to open an account at Vanguard. com, throw a few thousand bucks in it, and stick it in index funds. This is how Vanguard accumulated many trillions of assets very rapidly. Vanguard’s assets under...