Re index funds, institutional investors can be relied upon to pursue non-index strategies, because their added scale makes the expense of doing so very low. They make up a significant enough portion of the market’s dollars that pretty much all retail investors can free-ride on index funds and still do fine.
Re index funds, institutional investors can be relied upon to pursue non-index strategies, because their added scale makes the expense of doing so very low. They make up a significant enough portion of the market’s dollars that pretty much all retail investors can free-ride on index funds and still do fine.