Conversation

In the last 2 years over $950bn has been shifted from 'actively managed' stock-picking funds & into passive funds, as few active funds actually manage to beat the aggregated indexes passive funds mimic/follow;

Look like investors are starting to realise that the only people really getting rich from actively managed funds are the managers themselves.

As a famous book title once had it: 'where are the clients' yachts?'

The financial services parasites have been found out.

#investment
h/t FT