Passive investing has changed the market: for better or worse?

Index funds and ETFs have experienced very successful decades recently. Their assets under management rose sharply and their actively managed, traditional competitors were often falling short, performance wise, says Jiří Šindelář, investment analyst, former FECIF deputy chairman, now working at Czech based MONECO investment company. But the commentary success of passive investments was frequently met with scepticism, with voices being heard on how ETFs will erode market efficiency and cause abnormal volatility and liquidity issues. Were these concerns justified? A new study focusing o...