Passive Assets To Cool As QE Ends?Rupert Hargreaves
With 4.5x more assets flowing into passive assets over active funds last year, it seems as if investors have almost entirely given up on active managers. To some degree, active managers themselves are to blame for this shift.
Years of underperformance and high fees have eroded investor confidence, and subdued markets have convinced investors that there is no longer a need for stock pickers -- why spend money and time . . .
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