Few topics in investment management have generated as much debate over the past two decades as the question of active versus passive investing. Following years of strong growth in passive strategies, low-cost indexing appeared to have settled the discussion for many investors. Yet recent developments suggest that reality may be more nuanced. The rise of customized benchmarks, geopolitical uncertainty, growing market concentration, advances in artificial intelligence, and the increasing importance of sustainability
considerations are challenging traditional definitions of both active and passive investing. Against this backdrop, we present a new edition of the CFA-VBA Journal with the theme The Return of Active Investing?
in VBA Journaal door Ronald Kok, Reinout van Tuyll, Gerben de Zwart