Investors Pour Into Vanguard, Eschewing Stock Pickers
Investors are pouring money into Vanguard Group, the epitome of the hands-off approach to investing, flocking to funds that track market indexes and aren’t run by stock pickers or star managers.
The inflow has pushed the mutual-fund giant to almost $3 trillion in assets under management for the first time. Read the full article.
The Future of the CFO
The title of chief financial officer may be a bit of a misnomer in the modern enterprise. For one thing, finance only begins to describe what the C-suite, shareholders and the rest of the business expects of a finance chief. CFOs are expected to play a more strategic role in the C-suite at the same time that technology and globalization are adding layers of complexity—and overwhelming opportunity—to the corporate finance function in the Asia-Pacific region in particular. Perhaps chief technology evangelizer, chief strategic engineer or chief operations partner should share the billing with the finance title. CFOs today are expected to fill all of these roles.
To gauge these expectations, Forbes Insights and KPMG surveyed 178 chief executives, business owners and chairmen of large companies to understand their changing views. The survey spanned 13 countries and territories in the Asia-Pacific region. CEOs from ANZ Australia, Pactera, Minor Hotel Group and other companies in the region also shared their views during in-depth one-on-one interviews. Read the full article.by