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Passive investing hit a major milestone in 2023. For the first time ever, passive funds surpassed active funds in net assets with global assets hitting $13.3 trillion.
Though 2023 saw paltry flows after the 2022 bear market, the milestone capped a decades-long trend in how money flows from investors into the markets.
But Tom Sosnoff, co-founder of tastytrade and co-founder an...
>>> Read more: Why pro trader Tom Sosnoff says to bet on yourself instead of passive index funds
Passive investing hit a major milestone in 2023. For the first time ever, passive funds surpassed active funds in net assets with global assets hitting $13.3 trillion.
Though 2023 saw paltry flows after the 2022 bear market, the milestone capped a decades-long trend in how money flows from investors into the markets.
But Tom Sosnoff, co-founder of tastytrade and co-founder an...
>>> Read more: Why pro trader Tom Sosnoff says to bet on yourself instead of passive index funds