FYI: Another sign of decline for stock-pickers looms within two years, according to Moody’s Investors Service.
Passive investing in the U.S. is on pace to surpass active by 2021, Moody’s said Thursday in a report. The transition of power has picked up in recent years as consumers turn to cheaper products that track indexes instead of relying on a fund manager’s stock-selection prowess.
Greater investment in passive products is “akin to the adoption of an improved technology,” according to the report.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-03-14/index-funds-to-pass-stock-pickers-in-u-s-by-2021-moody-s-says
