Positive Signs for Investor Behavior in Flows Data
Vanguard's Fran Kinniry sees good news in flows data that points to investors focused on asset allocation and rebalancing instead of chasing performance.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Investors seem to be taking a contrarian tack with some of their recent mutual fund purchases. I recently interviewed Fran Kinniry, principal in Vanguard's Investment Strategy Group, to get his take on that trend and how likely it is to persist.
Fran, you and your team have created these risk speedometers. Let's talk about what they are and what you are trying to capture with them.