Chanticleer

Passive funds changed markets, but Grantham’s GMO says golden rule hasn’t

Active funds managers are worried about the weight of money piling into passive funds. And they should be.

Jul 3, 2024 – 2.40pm

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Passive investing has fundamentally changed funds management and equity capital markets, including in Australia.

More investors are piling more money into low-fee, often index-tracking products, chasing only market returns rather than seeking outperformance.

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