WELL-TIMED WARN­INGS

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The In­vest­ment Com­pany In­sti­tute’s 2018

In­vest­ment Com­pany Fact Book re­veals that reg­u­lated open-ended funds now man­age $49 tril­lion, up from $22 tril­lion a decade ago. That rep­re­sents just un­der one quar­ter of the globe’s se­cu­ri­ties mar­kets, at least partly buoyed by the rise of ex­change-traded funds (ETFs).

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