I work for a large institution that deals in mutual funds. It’s at times funny hearing coaching on how to sell an activity managed mutual fund with over a 2% MER that’s underperformed both major indexes and its own benchmarks. Mainly that active management trumps passive because if the market tanks “we’re on top of it” lol
That's hilarious! There's no way the salespeople drink that Kool-Aid so they're selling something they don't believe in which makes it really tough to sell.
Not a bad idea but we have a lot queued up already. 100s of things really. Coming topics include "the best financial stock ever," Axon, "why most tech investors fail," Chinese autonomy stocks, investing in startups, and drone stocks to name a few. So make sure to subscribe! :) Requests are best raised on Discord where Premium subscribers can give their vote on future topics. ;)
You are most welcome. Remember, risk tolerance differs by individual and is usually a function of age. To have something insightful to say about any given asset we usually spend a few hours researching it. Best to email us if you're a paying subscriber or post these questions on Discord so we make sure we're allocating research resources to paying customers. :)
Fascinating to see the market ecologies evolve. These big buy-side accounts used to be like the Pope in the institutional business - if one should ever be so fortunate as to be awarded an audience, go hat in hand, genuflect, kow-tow, kiss the ring, the foot, the ass, whatever can reasonably be kissed, & show a little ankle, parrot some research analyst or otherwise somehow struggle to add some scrap of value to the charmed lives of those pseudo-active, large-livin' apex market participants.
Great prose as usual. When you look at the material provided for investors (there are no proper investor decks) you'll see space dedicated to talking about how highly ranked their active funds are. That's fighting a losing battle because we all know that only a miniscule number of active managers can beat a benchmark over the long run.
how do you feel about the end of this year , POST election? will the market collapse by 60 to over 75%? , as a lot of market people are guessing , That is what stopping me to jump back in. ( trying to open 2 accounts for my 2 adult children) will all those companies still be there? waiting and seeing if they will be cheap ( by over 50% less)in the new year? not even mentioning the banks that are on a "list" of collapses or bail-in's.
@@MartinD9999 There is no barrier to entry for financial pundits with social media. Everyone's an "instant analyst" and half just throw ridiculous stuff at the wall to see what sticks.
Alternative assets are a somewhat related topic we touched on in today's article: www.nanalyze.com/2024/10/dont-invest-in-the-most-exciting-startup/ Most people don't know this but the more rocket emojis you use the more likely your stonk will go to the moon. That's what our on-staff Romanian fortune teller said. ;)
The deceleration of outflows is somewhat promising while marketing ETFs could be too little too late. Paying active managers should have never even been a thing in the first place, and the 30-40 bps average fees for both BEN and TROW imply mostly active strategies.
While the OP might choose not to respond, I'd love to hear from people who have thoughts on this. We see management talking about curbing outflows, increasing inflow through sales pipelines, and reducing the reliance on active money with passive ETFs. Question. What strategies are either of these firms using to solve the "active to passive" migration that we didn't talk about in this piece? Really interested to know because it's not obvious. Joe P.
Unfortunately it's never "easy." A small Salt Lake City alternative asset manager and a random financial services company may appeal to some but they're hardly the best-in-class names we look for. We have a video coming out on alternative assets so make sure to subscribe ;)
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I work for a large institution that deals in mutual funds. It’s at times funny hearing coaching on how to sell an activity managed mutual fund with over a 2% MER that’s underperformed both major indexes and its own benchmarks. Mainly that active management trumps passive because if the market tanks “we’re on top of it” lol
That's hilarious! There's no way the salespeople drink that Kool-Aid so they're selling something they don't believe in which makes it really tough to sell.
Do one on alt managers next $BX $KKR $APO
Not a bad idea but we have a lot queued up already. 100s of things really. Coming topics include "the best financial stock ever," Axon, "why most tech investors fail," Chinese autonomy stocks, investing in startups, and drone stocks to name a few.
So make sure to subscribe! :)
Requests are best raised on Discord where Premium subscribers can give their vote on future topics. ;)
What about entities like PDI, TRIN, TSLX, etc; are they too risky? Thanks for the content.
You are most welcome. Remember, risk tolerance differs by individual and is usually a function of age.
To have something insightful to say about any given asset we usually spend a few hours researching it. Best to email us if you're a paying subscriber or post these questions on Discord so we make sure we're allocating research resources to paying customers. :)
Fascinating to see the market ecologies evolve.
These big buy-side accounts used to be like the Pope in the institutional business - if one should ever be so fortunate as to be awarded an audience, go hat in hand, genuflect, kow-tow, kiss the ring, the foot, the ass, whatever can reasonably be kissed, & show a little ankle, parrot some research analyst or otherwise somehow struggle to add some scrap of value to the charmed lives of those pseudo-active, large-livin' apex market participants.
Great prose as usual. When you look at the material provided for investors (there are no proper investor decks) you'll see space dedicated to talking about how highly ranked their active funds are. That's fighting a losing battle because we all know that only a miniscule number of active managers can beat a benchmark over the long run.
how do you feel about the end of this year , POST election? will the market collapse by 60 to over 75%? , as a lot of market people are guessing , That is what stopping me to jump back in. ( trying to open 2 accounts for my 2 adult children) will all those companies still be there? waiting and seeing if they will be cheap ( by over 50% less)in the new year? not even mentioning the banks that are on a "list" of collapses or bail-in's.
We talked about market behavior and elections in this piece: th-cam.com/video/xmV_AMxOqas/w-d-xo.html
Who is estimating a 75% drop in the Market post election?? That’s absurd!
@@MartinD9999 There is no barrier to entry for financial pundits with social media. Everyone's an "instant analyst" and half just throw ridiculous stuff at the wall to see what sticks.
Go BX!📈🧨🔥👊👍🚀 Just brought ARES recently!😊
Alternative assets are a somewhat related topic we touched on in today's article: www.nanalyze.com/2024/10/dont-invest-in-the-most-exciting-startup/
Most people don't know this but the more rocket emojis you use the more likely your stonk will go to the moon. That's what our on-staff Romanian fortune teller said. ;)
Time for me to say goodby to TROW. Held for over 2 years and only broke even. That is not good enough. Outlook does not look good.
The deceleration of outflows is somewhat promising while marketing ETFs could be too little too late. Paying active managers should have never even been a thing in the first place, and the 30-40 bps average fees for both BEN and TROW imply mostly active strategies.
Tell everyone you don’t know T Rowe Price approach without actually saying it. 😂😂😂
You can feel free to edify all of us on what that is
While the OP might choose not to respond, I'd love to hear from people who have thoughts on this. We see management talking about curbing outflows, increasing inflow through sales pipelines, and reducing the reliance on active money with passive ETFs.
Question. What strategies are either of these firms using to solve the "active to passive" migration that we didn't talk about in this piece? Really interested to know because it's not obvious. Joe P.
Just buy BRDG and JXN ez
Unfortunately it's never "easy." A small Salt Lake City alternative asset manager and a random financial services company may appeal to some but they're hardly the best-in-class names we look for. We have a video coming out on alternative assets so make sure to subscribe ;)