Jack Shannon: Unveiling the Future of Active Management and ETFs
In this episode, we are joined by Jack Shannon, Senior Analyst at Morningstar, to discuss the dynamics of active equity management, portfolio construction, and the importance of downside protection in long-term investment success. Jack shares his insights on various topics, including:Topics Discussed• The asymmetry of returns and the importance of preserving capital on thedownside•The role of active equity managers and the challenges they face in deviatingfrom benchmarks•The impact of fund flows on portfolio management and the potential risks ofpassive investing•The role of risk management in active investing and the difficulty ofidentifying winning strategies in advance•The changing dynamics of growth and value investing, and the importance ofunderstanding market historyThis episode is a must-listen for anyone interested in active equity management,portfolio construction, and long-term investing. Jack's insights providevaluable strategies to navigate the complexities of the financial markets andbetter understand the nuances of active management.