Tag: active management

Passive Investing Makes for Less Efficient Markets

Passive Investing Makes for Less Efficient Markets

Enormous sums of capital piled into passive products (index funds, ETFs) over the past decade. I get it. Why pay management fees if your portfolio manager can't outperform the benchmark? However, let's not be quick to dismiss active managers as dinosaurs. Active managers perform an important function as they decide what a security is worth. … Continue reading Passive Investing Makes for Less Efficient Markets