Why passive activism is the now the biggest game in town
One of the biggest ever days of equity trading reveals how the rise and proliferation of index tracking funds has reshaped the structure of global markets.
There was plenty going on in global sharemarkets on Tuesday as November closed out. A new virus was creating anxiety, while the US Federal Reserve was preparing a dramatic messaging pivot.
But one of the largest trading days in living memory had little to do with either of those unannounced events.
Loading...
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com