Practical analysis for investment professionals

Active vs. Passive Investing


Passive Management: The Baseline for Defined Contribution Plan Sponsors?

If active managers cannot add value, then passive is the preferred position, not the other way around.

Actively Managed Funds Are Appropriate Options for 401(k) Plans

Actively managed funds can serve plan participants well.

Did Corporate Bond ETFs Kill the “Alpha Stars”?

The race for scale among active managers in response to low-cost ETF competition may be self-defeating.

Passive Funds and “Do No Harm” Are Not Synonymous

The notion that choosing active or passive will in some way lower fiduciary risk is unfounded.

A Pillar of Modern Finance Turns 50

Quick, what is 1 July 2021 the 50th anniversary of?

Ensemble Active Management: The Blueprint for Rescuing Active Management

Could EAM generate enough added alpha for active management to reclaim its edge over passive?

Are Cheaper Funds Really Better Bets?

Investors should be agnostic to absolute fees, and instead rank investment options on their value added net of costs.

Larry Fink on the “Long-Termism of Humanity”

"This is the beauty of humanity: We adapt, we evolve, we move forward,” Larry Fink says.

Public Pension Funds: Cost Matters with Closet Indexers

What impact does cost have on public pension fund performance?