(Bloomberg) — A multitrillion-dollar beast is prowling Wall Street, making huge market moves that few can see coming — and it’s getting bigger.Known as model portfolio investing, it’s a booming corner of money management in which the likes of BlackRock Inc., Vanguard Group and Charles Schwab Corp. bundle funds into ready-made strategies.It has been around for years, but in an era of fee wars and exchange-traded funds its popularity is exploding. So much cash is now invested that model adjustments are thought to be behind multiple record ETF flows. BlackRock, the world’s largest asset manager, describes them as “crucial” to …read more
Source:: Yahoo Finance
