Goldman: Passive Funds Appear To Be The ‘Primary Source Of Recent Volatility’

Proponents of passive investing are going to keep insisting that the epochal active-to-passive shift isn't dangerous or otherwise prone to destabilizing markets. They're going to take that narrative to the grave apparently. That's fine and as I've said on any number of occasions, it is unquestionably a positive development on net that there's a universe of low-cost vehicles that allow investors to allocate efficiently and gain diversified exposure to broad asset classes without having to pay ex