Quotes by Gus Sauter

“Its a way to gain low-cost, very tax-efficient exposure to the market.”

“We dont believe this is any major result of a fear of large cap stocks. Its the idea you should have broader diversification.”

“One-hundred billion is a big number but thats all it is. I dont pay much attention to bragging rights. Thats not what investors are concerned about. Investors are concerned with returns.”

“Its a very good launch for us.”

“Index funds really deliver what they promised, and you dont necessarily get that with an active manager.”

“I wouldnt say mid caps are a screaming buy, but they are somewhat attractive on a relative basis.”

“A lot of people are starting to realize they need to diversify more than simply holding large cap stocks. The more sophisticated investors are going for a total-market concept. Theyre buying not just large caps, but mid caps and small caps.”

“We would be willing to talk to other fund companies that would want to use the innovation.”

“Its just 30 stocks, ... It is generally positive, but overall it doesnt change the position of institutional investors or individual investors for that matter.”

“This is the 12th year in a row that [analysts say] its a tricky market and you have to be a stock picker, ... For the past 12 years, active managers have consistently underperformed their benchmarks.”