, Columnist
The S&P 500 Faithful Missed Out on $700 Billion in 2020
Passive funds tied to the S&P 500 weren’t able to get in on the huge windfalls reaped by the rallies in Tesla, Moderna and Zoom. There’s a lesson here.
By the time Tesla was welcomed into the S&P 500, it had already delivered scorching returns.
Photographer: Bloomberg
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It’s nearly over. This miserable year has produced plenty of winners and losers. And passive fund managers are very surprisingly among the non-winners.