For many passive investors, the belief in efficient markets is core. But how efficient are markets at different parts of the capitalization spectrum? A new paper by CEM Benchmarking Inc. looks at the historical performance of actively managed portfolios for dedicated U.S. large cap equity portfolios and dedicated U.S. small cap equity portfolios for large […]
In a recent working paper, University of Toronto assistant professor Adriana Robertson takes a deep dive into the world of index investing and argues that it’s not passive in reality, but rather a form of delegated management. In the paper, Robertson examined hundreds of indices and found that none of them were truly passive. “I […]
A simple way to minimize conflicts of interest.
A passive approach presents an effective and prudent approach for CAP sponsors. So why isn't a passive approach more common?
ETFs as lower cost route than index funds?
Economics versus finance.
What should be considered active?
Vanguard unseats Fidelity as largest U.S. mutual fund company.
Online Debates: A Year in Review Part II
Coverage of the 2010 Global Investment Conference.