FYI: Investors now have more money in large-cap equity funds tracking indexes than in actively run funds of the same type. The lines crossed in the fourth quarter, according to data from Morningstar Inc. Passive mutual funds, exchange-traded funds and so-called smart beta funds in the sector held $2.93 trillion in assets as of Dec. 31, compared with $2.84 trillion on the active side. Passive funds are disrupting the financial industry today, and their roots go back a thousand years to medieval Italy
Regards,
Ted
https://www.bloomberg.com/news/videos/2019-02-14/tracing-the-roots-of-passive-investing-back-to-medieval-italy-video
