Advertisement Continue reading the main storySome $30 billion in assets (about 11 percent of active equity funds) will be targeted, with $6 billion rebranded BlackRock Advantage funds. “The democratization of information has made it much harder for active management,” Mr. Fink said in an interview. Advertisement Continue reading the main storyLast year, for example, $423 billion left actively managed stock funds and $390 billion poured into index funds, according to Morningstar. Advertisement Continue reading the main storyBut simply going all-in on machine-driven passive investing over active has not been an option for Mr. Fink. But as Mr. Fink and his new equity deputy see it, it is better to take the pain now than later.

Source: New York Times March 28, 2017 21:30 UTC