June/July 2016
6
7
Dispatches
Contributors
Letter From the Editor
Letter From the Board
8
Running With the Crowd
Phillips Curve
10
Fighting the Right War
Ivory Towers
12
Why Fund Costs Are Dropping
17
The Collapse of Active Management
The Old Squirrel
Policy
20
Fiduciary Rule Advances Investors' Interests
22
Tax-Refund System Hinders Savings in U.S.
24
Makers of Dreams
27
Global Briefs
45
Learning to Fly
How investors can change their behavior
and avoid costly portfolio mistakes.
48
Navigating Blind Spots on the Road to Retirement
Money-Weighted Reporting Made Mandatory in Canada
The Impact of Investors' Bad Behaviors
Built-In Discipline
HelloWallet
Behavior Gap
Spotlight
51
52
57
3
Table of Contents for the Digital Edition of Morningstar Magazine - June/July 2016