In the Margins

BlackRock turns to stock-picking robots

March 29, 2017

By The Wall Street Journal

BlackRock has started relying more on robots than humans to make decisions on what stocks to buy and sell. Although the firm has become the world’s largest asset manager, with $5.1 trillion in total assets, in large part because of its dominant position in low-cost, passive investment such as exchange-traded funds, its stock-picking unit has lagged rivals in performance; clients have been withdrawing their money. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Governance
Q&A: Converting open-end funds to ETFs

Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...