Passive Assets To Cool As QE Ends?

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 trying to select stocks when you can just buy the whole market for a fraction of the price and no effort whatsoever? [timeless] However, analysts at the London & Capital…