Is the passive bubble ready to burst?
Everyone has heard about the bitcoin bubble; Neil Woodford has warned of a new tech bubble; and now investors are voicing concerns about a passives bubble. But if such a bubble exists, is it ready to burst? Or will index funds continue to steal market share away from their active peers?
PA ANALYSIS: For EMs, when does loathing turn to opportunity?
Barring commodities, it is hard to think of a more hated asset class than emerging markets right now, especially after the events in China over the past few days.