Fran Kinniry Discusses Diversified Portfolios(Masters in Business, 75 mins) A wide-ranging interview of Fran Kinniry, Global Head of Portfolio Construction at Vanguard, who created their research department and coined the term adviser’s alpha. He debunks the myth that passive investing is largely surpassing active and the incorrect claims that indexing is a bubble threat due to its size. Kinniry also vouches for the simple 60/40 portfolio, a long-time favourite of PMs (though last week we discussed how it was recently declared obsolete by BAML)…
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