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Jan 08 2021

Passive’s “Placid Pandemic Performance”

  • Jan 8, 2021

The 200-day “report card” for this bull market shows the best initial-performance gain of all postwar bulls, but it’s come at a price. Investor sentiment is above levels seen at the same point of past bull markets… and there are the valuations. 

Apr 06 2020

Is Passive Ownership Exacerbating The Sell-Off?

  • Apr 6, 2020

With the enormous popularity of ETFs, we’ve wondered if the high level of passive fund ownership could lead to stock price deviation from company fundamentals, and thus create greater price volatility.

Feb 07 2017

Active Versus Passive Return Drivers: A Year-End Update

  • Feb 7, 2017

Herein we provide a year-end update on the factors we determined were important to the active/passive relationship. We found that the market environment and the success of active managers changed significantly in late 2016.

Jul 26 2016

Active vs. Passive: A Three-Club Headwind

  • Jul 26, 2016

Actively managed funds have recently underperformed passive indexes. As a result, fund inflows and deposits have favored passive funds.