Los inversores que han movido su dinero a fondos indexados en Europa, han ahorrado cerca de 100.000 millones de euros en 12 años (alternativamente, esto es lo que se han llevado los gestores). No es de extrañar lo del chiste de los yates de lujo en Puerto Banús:
Investors across Europe and the UK who bought index trackers instead of funds run by stockpickers have saved nearly £80bn in fees over the past 12 years, putting more pressure on the actively managed fund industry. According to research by asset manager Vanguard, investors have saved about £77.4bn in European domiciled funds since 2011 by opting for passive investments over active funds. The research, based on data from Morningstar, is another blow to active funds as customers continue to withdraw their money in favour of cheaper index trackers. UK savers took £136mn out of active funds in May, according to the latest data from the Investment Association, an industry body. In contrast, index trackers attracted £2.1bn. Stephen Lawrence, head of indexing research at Vanguard, said that “index funds have introduced significant competitive price pressure to the industry, benefiting all investors . . . There are plenty of skilled managers out there, but the benefits of their skill can be swallowed up by costs.”
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Re: Cobas AM: Nueva Gestora de Francisco García Paramés
