Is There a Passive Penetration of Capital?

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The money is leaving active management, and money is going to passive management. Active managers are facing a largely demographic phenomenon. The narrative behind how you allocate capital has so firmly shifted in favor of passtive that it's very unusual for a younger person to take on an active manager.

In this episode of Infinite Loops we spoke with Michael Green, Partner & Chief Strategist at Logica Capital Advisers. In a wide-ranging discussion that could have lasted the rest of the day, we covered:

The passive narrative, and its impact on market structure.
Vanguard and Blackrock’s lobbying efforts.
Target Date Funds and their increasing dominance.
COVID-19 and the government’s response.
The power of language.
Michael’s recent paper: Policy in a World of Pandemics, Social Media, and Passive Investing (linked below)

And much more. You can find Michael’s paper here: https://www.logicafunds.com/policy-in-a-world-of-pandemics