The Active Versus Passive Debate

@inproceedings{Merker2019TheAV,
  title={The Active Versus Passive Debate},
  author={Christopher K. Merker and Sarah W. Peck},
  year={2019}
}
In 2018, Vanguard group passed the $5 trillion mark in assets under management, closing in on BlackRock, the largest with $6 trillion. It was also the fastest growing manager. Question: How does the largest index fund manager get this big and add $368 billion in a single year? (Flood, Chris, “Vanguard retains title as world’s fastest-growing asset manager”, Financial Times, Jan. 4, 2018) Answer: Investors’ insatiable desire for cheap, index investing.