ETF weapons of mass destruction

[Father Dougal]

Thought you might all enjoy this:

https://www.bloomberg.com/news/articles/2017-04-27/etfs-are-weapons-of-mass-destruction-fpa-capital-managers-say

Wonder why Bloomberg is so keen to write a story based on quotes from managers performing in the bottom 1% over the last 5 years?

[Indexer]

They are weapons of mass destruction... to active fund managers.


Kind of like Weed-B-GON. Kills the weeds, not the grass.  Kills the expensive parasites, not the investors.

[markbike528CBX]

....Wonder why Bloomberg is so keen to write a story based on quotes from managers performing in the bottom 1% over the last 5 years?

My cynical side says because they don't advertise (ie give money) to Bloomberg? 

The video was a pointed smackdown on ETF naysayers.   
I've rarely seen words like "biased advice" used to describe fund managers. 
I'm not usually a fan of video news clips, as I read pretty fast, but that was cool.
Video guy said something like --- look at how the messenger is threatened by ETFs and you find why he/she is rightly scared----.