In the Margins
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.
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