Fundsters pondering the future of this business may want to take a look at an an article penned by The Street's Dan Freed.

"It's a mature business -- there's no question," John Rekenthaler, vice president of research at Morningstar, told TheStreet. "The rest [besides ETFs] of it's mature, but it's not rolling over, it's not in old age. It's not in a state of decline: it's just mature."

"If the thesis is 'will U.S. mutual fund companies need to accept lower margins in the future and be pushed on their expense ratios?' I think the answer is yes," Rekenthaler added.

Fund Democracy president Mercer Bullard (who's a University of Mississippi professor and Lipper Advisory Services president Mike Lipper also weighed in. 

Edited by: Neil Anderson, Managing Editor


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