(CNBC) For years, skeptics of index investing who watched trillions pour into S&P 500 funds argued that it would probably take a prolonged bear market to undercut the dominance of the standard passive approach. Yet in recent months, an exuberant bull market is working to sideline the S&P 500 as the gauge of the market’s energy and dampen the public’s zeal for simply owning the prevailing benchmark.
Adrenaline-fueled rush for small caps, vaccine plays and story stocks dents passive-indexing trend
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