Active Funds Are Scoring In The Great Rotation
Most passive funds are momentum plays — and momentum has stalled this year.
A lagging US has helped out active fund managers this year.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The rise and rise of passive investing is, from a consumer point of view at least, one of the best innovations to hit financial services in my lifetime.