Even after an abysmal 2018, 16 big U.S. money managers could see earnings per share in 2019 fall another 5% on average, Jefferies estimates.
Index funds and mutual funds are primarily different in their investment goals, investor fees and level of management.
The utility stocks in the sector serve as a traditionally safe investment, buoyed by revenue from dividends, and has actually shown growth in recent months while oil has tanked.
This is the kind of reversal that happens in a bull market.
Vanguard Group, the $5.1 trillion money manager, will stop selling the "Triple X" ETFs, which offer investors the ability for triple gains -- or triple losses on stock-market movements.
Market action today is about positioning and portfolio adjustments for 2019.
Which way the market will go is anyone's guess.
But extreme short-term volatility will produce extreme long-term loss of public trust.
Market cap focused investors might need to set their sights on some smaller names. Real Money's Kevin Curran interviews George Young, portfolio manager of the $295.3 million Villere Balanced Fund.
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