Does passive investing have room to grow?

Volatility finally returned to the market in the first half of 2018, and by all accounts the market structure held up remarkably well.  To date, the idea that unexpected market moves would trip up the ETF market – pricing, liquidity and more – have proven incorrect.  Here I discuss that resiliency of the market and how much more room passive likely has to run before the market reaches an equilibrium of active versus passive investing.

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