With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028

"Imagine a world in which two asset managers call the shots, in which their wealth exceeds current U.S. GDP and where almost every hedge fund, government and retiree is a customer.

It’s closer than you think. BlackRock Inc. and Vanguard Group — already the world’s largest money managers — are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations."

Continued:

https://financialpost.com/investing/a-20-trillion-blackrock-vanguard-duopoly-is-investings-future