Globally, investors» increasing use of index funds is driving a transformation in BlackRock's fiduciary responsibility and the wider landscape of corporate governance. (blackrock.com)
To illustrate investors» growing use of index funds, consider that on Nov. 1, 2003, 12 % of all U.S. open - end mutual fund and ETF assets (not including fund - of - fund or money - market assets) were invested in passively managed products. (abnormalreturns.com)
After the Labor Department finalized the rule earlier this year, Moody's warned of problems for Fidelity, Franklin Resources, Invesco, and Janus, saying in a report that disclosures would «put downward pressure on fees and may prompt retirement plan sponsors to opt for lower - cost investment products, including greater use of index funds.» (fortune.com)