Active managers may feel their time to shine is coming, as FundCalibre MD Darius McDermott recently echoed the views of many market participants when he asked if we are reaching the "peak for passives".
Many professional investors have warned passive investors will be left vulnerable should volatility rise unexpectedly from record low levels or the market suffers a correction, while active managers should benefit as opportunities open up. Darius McDermott: Is this the peak for passives? Undoubtedly, unease is building as global markets reach fresh record highs and investors prepare for the gradual unwinding of giant monetary stimulus programmes. According to the BofA Merrill Lynch September Fund Manager Survey, the share of investors taking out protection against a correction in equ...
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