#HackingFinance [w/ anthemis | group]

welcome to the sixth paradigm

“It’s little surprise ETFs are thriving. The days when investors assumed they’d get double-digit returns by picking stocks — and didn’t give a hoot about fees — are a distant memory. Fewer and fewer are willing to pay a premium for an active fund manager who in most cases isn’t beating the index. Adding to the allure of ETFs: They’re easier to trade than mutual funds and are typically more tax-efficient.”