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Has Indexing Gotten Too Big ?

FYI: •Even if a majority of investors indexed, the zero-sum game dynamic would still be intact and active investors would still determine market prices.
Regards,
Ted
https://advisors.vanguard.com/VGApp/iip/site/advisor/researchcommentary/article/IWE_InvComIndexingTooBig?sf3401432=1

Comments

  • I'm mildly surprised indexing and recent decreases in volumes have not apparently affected bid-ask spreads negatively. Though I would assume there are many technological reasons that could be shrinking
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