I read an article from the CFA journal that said that 40% of retail and close to 50% of institutional money is managed through passive managers such as indexes/etfs. What happens as this approaches 70-90%? Would the market just be purely liquidity driven? Would anyone even do research anymore?
Submitted March 09, 2017 at 04:36PM by vegaseller http://ift.tt/2mMkccj
