The passive aggressive AGG, revisited

GMO
By May 8, 2020 16:41

The passive aggressive AGG, revisited

Passive investing in bonds today turns prudence on its head  

It is well understood among investors that there have been massive flows out of active equity funds into passive vehicles, such as index funds and ETFs. What has not been as widely appreciated is that the same thing is happening in fixed income. Nearly 40% of all “core” bond funds today are passively managed (up from 16% only 10 years ago). One index in particular is …

GMO
By May 8, 2020 16:41

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