In its latest white paper, Epoch Investments Partners explored the impact that passive investing has had on market efficiency, and what investors need to consider in such an environment. GSFM CEO Damien McIntyre explained the findings to Money Management.

At the end of the 1990s, actively managed mutual funds in the US accounted for almost 90 per cent of US equity assets, with passive mutual funds making up almost all of the rest (exchange traded funds (ETFs) were in their infancy); by 2016 that percentage was down to 61 per cent, with passive mutual funds at 22 per cent and index ETFs at 16 per cent.

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