The financial and non-financial press seems laser focused on what they call the switch by investors to passive investment management, citing primarily the growth of Exchange Traded Fund (ETF) assets.

Little time goes by between articles which come to the mistaken conclusion that investors have abandoned active management for passive. They cite two major reasons for this: first is cost-savings; and second is the avoidance of active manager failure. While it is reasonable to assert that investors are looking for both cost savings and efficiency drivers, I am less convinced that investors are becoming more passive in their approach to their portfolios. Continue Reading Here