This is where the concept of day trading and
active asset management comes into play; namely, the desire to beat the market and achieve outsized returns.
Not exact matches
Unfortunately, there is nowhere for it to
come from, because the
assets that the remaining
active funds will have under
management, and therefore the fee revenues that they will be able to earn, will not have increased.
So as he synthesizes the themes of the last six or seven years, he
comes down to really basic ideas for each chapter: Risk, Return, Stocks, Bonds, Portfolio
Management, Does
Active Investing Work, ETFs, Global Investing, Alternative
Assets, Behavioral Finance, Using Media, and the Lost Decade.
Franklin Resources is almost a pure play
active management firm, with about two thirds of its business
coming from the U.S. and a primary focus on providing equity funds (42 % of
assets under
management):
However, when it
comes to
asset management firms, all investors seem to focus on is AUM growth, plus the ongoing switch from
active to passive
management (despite its basic irrelevance for private equity firms), so the slowdown / halt in FIG's AUM growth in the past year (or so) has been punished severely.