Passive Investing's Implications for Actively Managed Funds
In theory, as a greater share of capital is invested passively rather than actively managed, stock prices will be freer to diverge from fair value, resulting in marginally less efficient equity markets. The effect should be an amplification of managerial skill, which manifests itself in the tails of...
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| Format: | Others |
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Scholarship @ Claremont
2019
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| Online Access: | https://scholarship.claremont.edu/cmc_theses/2242 https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=3202&context=cmc_theses |