One graphic explains everything going on in money management right now (BLK, WETF, BX)

You might have heard that the money management business is changing. On one hand, passive funds, which track an index and charge minimal fees,have hoovered up assets at a high rate over the past decade.Credit Suisse is forecasting that passive funds could make up 50% of US equity retail assets by 2018. Additionally, Goldman Sachs just launched a "smart-beta" exchange-traded fund,which tracks an equal weight index of roughly 500 large cap stocks, with an expense ratio of just 0.09%. These funds a...