In this week’s edition of Barron’s, our President and CEO Joe Massman is quoted in an article about the impact of exchange traded funds on the mutual fund industry. Joe discusses the momentum that is growing in fund flows away from mutual funds and the hope he has for innovation in the industry in the future. You can find the article here.
Just as we have mentioned in the past, the article explains the importance of Charles Schwab and Pimco’s intentions of entering the exchange traded fund industry. Their conclusion: mutual funds will eventually realize, if you can’t beat them, join them.
