Pay for performance has never been under so much scrutiny. And understandably, there’s been a push back of sorts, with some suggesting passive investing is just “dumb” money that is potentially giving rise to a dangerous bubble in investment markets that will inevitably explode.
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David Bassanese is chief economist at BetaShares Exchange Traded Funds. He writes on markets specialising in debt, derivatives and monetary policy. He worked at the federal Treasury, OECD and Macquarie Bank. Connect with David on Twitter.
