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Rekenthaler Report

It's Groundhog Day (Again) for the U.S. Fund Industry

Vanguard, BlackRock, and plain-vanilla indexes dominate the sales charts.

Deja Vu
Ask 100 people to name a film about a man caught in time, doomed to repeat his day, and 98 of them would immediately respond, "Groundhog Day." (The rest of us would cite "Source Code," an underrated, Chicago-based thriller.)

Ask them what industry is stuck in a similar situation, and you'd receive a whole lot of blank looks. But "mutual funds" would be a good answer.