Interesting hard data on a topic we have tried to bring to the forefront over the last decade: “Index investing is not passive.” This study seeks to correct a pervasive misunderstanding — that stock market indices are “passive” in some meaningful sense — when, in fact, “[f]ar from being passive, these indices represent the deliberate decisions made by their managers.” By Adriana Z. Robertson
For more on this interesting topic, see Rick Baert’s article in Pensions & Investments.