Is it any wonder that large financial firms continue to support regulations from Congress in order to stifle competition? Where they haven't been successful (e.g. ETFs) you can see the effect quite dramatically.
Wednesday, November 18, 2015
The Effect of Competition in ETFs
Eric Blachunas at Boomberg in one chart shows the effect of competition on Exchange Traded Funds. Management fees are much lower in the categories in which Vanguard (the low cost provider in mutual finds and ETFs) has an offering.
Is it any wonder that large financial firms continue to support regulations from Congress in order to stifle competition? Where they haven't been successful (e.g. ETFs) you can see the effect quite dramatically.
Is it any wonder that large financial firms continue to support regulations from Congress in order to stifle competition? Where they haven't been successful (e.g. ETFs) you can see the effect quite dramatically.
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