Vanguard's McNabb Sees Lower Stock, Bond Returns

The transcript discusses the emerging price war in investment fees, emphasizing the importance of cost in a low-return environment. It highlights the significance of asset allocation in portfolio management and debates the merits of active versus passive investing, focusing on cost efficiency. The potential growth of indexing, especially outside the US, is explored, along with the impact of Donald Trump's presidency on market valuations. The role of quantitative investing in enhancing efficiency for active managers is also examined.

In what ways are active managers expected to redefine their value proposition?

How might the election of Donald Trump affect market returns according to the speaker?

What role does quantitative investing play in the current investment landscape?