This is the same trend as the ETF vis Mutual funds.
It is CLEAR, crystal clear that the indexes are better doing than managed funds.
THE FUN AND RELATED income WHERE FINE FOR THE yoyo 50, 60 and 1970 years.
Nobody cared since the boomers were not yet at the receiving end.
Straight talk; The mutual funds have been grabbing about 50 % of the income of the funds every year.
If you had extra capital gains , you were lucky.
But taking 50 % of the dividend and interest income of a fund makes only the fund seller and advisor very rich and leaves the client with HALF a pension out of investments.
It was a great idea but a scam. Taking from the ASSETS a % that came out around 50% of the yearly income. A well planned scam. But a legal scam, a sKimming.
No wonder we prefer to work with discount brokers and invest in ETF,s at low, very low cost.
This Mutual thing will experience a disruption of immense consequences for having for far too long taken too much for doing less.