Passive investing rules Wall Street now, topping actively managed assets in stock, bond and other funds
Publishing timestamp: 2024-01-18 12:53:49
Summary
Passive investment products, such as ETFs and passively managed mutual funds, held more assets than actively managed funds for the first time in 2023. Active managers faced difficulties in outperforming their benchmarks, while passive funds benefited from the strong performance of the broader market. However, there is hope for active management if market conditions change in 2024.
Sentiment: MIXED
Tickers: AMZN, MSFT, .SPX, TSLA, GOOGL, AAPL, NVDA, META,
Keywords: amazon.com inc, tesla inc, business news, s&p 500 index, nvidia corp, apple inc, alphabet inc, exchange-traded funds, meta platforms inc, markets, microsoft corp,