Active Managers Can Survive With Sustainable Investing

Active management can be saved, the answer? Sustainable investing Unless you have been living under a rock for the past two years, you will know that passive investing has accelerated its destruction of the asset management industry during the past 24 months. The trend of active to passive has been underway for some time now, but flows have accelerated during 2016. Indeed, according to Bank of America, Merrill Lynch year-to-date $260 billion (3.9% of industry assets under management) has flowed out of US long-only equity mutual funds while $74 billion has found its way into US equity ETF’s — 3.3%…