Yes, Passive Investing Has Exploded. But Here’s Why Fears of a Bubble are Overblown

Sep 14, 2019 - Fortune

The tidal wave of money pouring into index funds and ETFs has always been a concern to the asset management industry. Sporting rock bottom fees and yielding often superior returns, these fund vehicles have become something of an existential threat to asset managers.

Now those concerns are morphing from career risk to market risk. Michael Burry, the hedge fund manager who became famous from the Michael Lewis book The Big Short (and was later played by Christian Bale in the movie version), r...