Barry Ritholtz, Columnist

5 Things Active Fund Managers Should Do

Denial doesn't work. Neither does blaming passive index funds. But these ideas will help.

May 3, 2017 at 4:03 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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This week marks the 42nd anniversary of the founding of Vanguard Group Inc. by Jack Bogle in 1975. That date made me think about Bogle’s recent advice for active managers. At the 2017 Morningstar Investment Conference in Chicago last week, Bogle said:

This would be terrible advice, assuming Bogle was being serious -- which he wasn't. However, his sarcasm does raise a question worth exploring: What should active mutual-fund companies do in response to the current outflows from them and into low-cost indexing and exchange-traded funds?