Franklin Resources: The Best Short In The Asset Management Space

Franklin Resources: A good short? The active fund management industry is under siege. After years of underperformance, investors are losing patience with active managers and as the cost of beta drops, assets are flooding to passive managers. The falling cost of beta isn’t the only reason why the active management industry is suffering. Low-cost Robo-advisers and smart beta are replicating the services of traditional asset managers at a fraction of the cost. Also see: Why Passive Investing Increases Corporate Activism Joel Greenblatt: Passive Investing Good For Most People How Passive Investing Creates Concentrated Portfolios The Dirty Little Secret Of Passive…