One response to “Did The Economist miss the point?”

  1. There is no doubt that holding ETF assets alone is more likely than not to create an incomplete strategic asset allocation for most investors. But many able advisers struggle far more than they should, especially with private clients, to achieve even a remotely disciplined adherence to an SAA. It is also hard to argue the case convincingly in favour of active management in relation to assets for which the ETF is a good substitute. Thank you for highlighting the issues.