From huge institutions through to individuals, many investors have been voting with their wallets.
They have been moving away from high-cost active approaches towards low-cost passive products, away from star stock-pickers and towards indices like the FTSE 100 and S&P 500.
Goshawk AM: ‘Passive is risky’ and the case for active management in a global market
And one of the more common themes recently is whether, ultimately, the whole world will be passive – and what that will mean.
One particularly provocative academic paper suggested that index investing was “worse than Marxism”….
