Passive Performance

The amount of money in all passively managed (index) U.S. mutual funds and ETFs recently surpassed $13.3 trillion. That exceeds, for the first time, the amount in actively managed mutual funds and ETFs at $13.2 trillion. The amount in passively managed U.S. equity funds surpassed the amount of money invested in actively managed equity funds for the first time in 2022. This is because systematically beating the market is impossible.