01.18.24

Passive Investing Rules Wall Street

by: Jeff Cox

The total assets under management in exchange-traded funds and notes along with passively managed mutual funds reached a combined $13.29 trillion at the end of December, according to data from Morningstar, for the first time surpassing active products across all asset classes combined. Just in large-cap blended funds, passive products took in a net $192.8 billion for the year while active funds lost $48.6 billion, Morningstar reported. Large-cap growth funds saw a net $38.3 billion move to passive funds while active lost $91.2 billion.

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