Is index-hugging the way to go or do active managers earn their keep?

Is index-hugging the way to go or do active managers earn their keep?
Jenny Ruth
One outcome of ultra-low interest rates is that, like a receding tide uncovering flotsam, it highlights how much fund managers charge investors in their funds and increases downward pressure on those fees.That's particularly true for those managing equities funds, given the rise and rise of index-hugging passive funds – according to Statista, passive funds globally accounted for 31% of managed funds in 2020, up from 14% in 2011.The pioneer of index-hugging funds was Vanguard founder Jack Bogle who debuted his first passive mutual fund...

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