Live by the index

Passively managed funds in the US now outweigh active funds. (Image: Getty)

Wed, 24 Jan 2024

The index has won.New data from research house Morningstar shows passively managed assets in the US outweighed active funds in total for the first time ever by the end of 2023.According to the Morningstar gauges, index funds in the US controlled US$13.29 trillion (NZ$21.8t) as at Dec 31 last year, compared to US$13.23t of actively managed money.The passive majority comes after the indexers have been “steadily encroaching on active’s turf for years” with the infection species-hopping from equities to fixed income.“While U...

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