Dogs of more: why passive tail-risk is rising

Robin Wigglesworth tracks the index investment journey from 1970s backwater to 21st-century mainstream funds flow machine. (Image: supplied)

David Chaplin

Wed, 17 Nov 2021

During the 12 months to June 30, the global index-investing fund market confirmed its top-dog status, according to the annual Pensions & Investments’ fund manager survey.Over the period, index-linked funds under management in the study rose almost 36% to reach just under US$21 trillion (NZ$29.75t) – up more than US$5.5t compared to the same date last year.Usual suspects – BlackRock, Vanguard and State Street Global Advisors – were the main beneficiaries.“BlackRock’s total indexed assets under management (...

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