Neither the criticisms nor the rebuttals will be new to readers of this forum, but it's good for ordinary investors to have mainstream news organizations publish pieces reinforcing good investing principals.In any other industry, [money going into index funds] would be universally welcomed as a sign that innovation was delivering cheaper products to the benefit of ordinary citizens. But the rise of index funds has provoked some fierce criticism.
Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
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Article from the Economist rebutting a couple of the standard industry gripes about index funds, https://www.economist.com/news/business ... l-directed.
Regards, | | Guy
Thanks for sharing!
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.
Fascinating!Article from the Economist
". . . . passive investors, in the form of mutual funds and exchange-traded funds, own only 12.4% of the American equity market.