Herein, we examine the new surge of indexing on the part of pension funds, explaining why we think it may be just the wrong time to be abandoning active investment management. While ultimately most equity managers can be expected to underperform the averages, the timing of the current rush to indexing may be all wrong. Shades of the late 1970’s!
Oct
03
1986
Circles and Cycles: The Current Index Fund Boom
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