Passive's Active Role in Market Behavior
Vanguard's Fran Kinniry says investors are more focused on costs than ever before, leading to greater inflows to index funds and ETFs.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Is the growth in passive products affecting how the market behaves? I recently had a chance to discuss that topic with Fran Kinniry. He is a principal in Vanguard's Investment Strategy Group.
Fran, thank you so much for being here.