As the cost of beta and passive investment funds has plunged the past few years and the performance of active investment managers has continued to deteriorate, passive investment funds have become all the rage with investors looking to replicate, or even outperform the market for a nominal cost.
- Higher interest rates are helping active managers to (finally) outperform
- Are Active Managers Really Better In Less-Efficient Markets?
- For active managers, the power of concentration is key to beating the market
The passive industry’s explosive growth is nothing short of impressive. According to Bank of America, Merrill Lynch since 2002 over $1.4 trillion of assets have found their way into passive ETFs. At the same time, $1 trillion of...

