Conventional wisdom holds that passive funds are the answer to the problems of high costs and modest returns that plague many active asset managers. The result has been a profound change in the investment landscape, in South Africa and internationally, with large fund flows diverting to passive vehicles – especially exchange traded funds.
Conventional wisdom holds that passive funds are the answer to the problems of high costs and modest returns that plague many active asset managers. The result has been a profound change in the investment landscape, in South Africa and internationally, with large fund flows diverting to passive vehicles – especially exchange traded funds.