Passive investing’s rise hasn’t ruined the stock market, says Jeremy Grantham’s GMO
The rise in passive investing marks one of the stock market’s “most profound changes” ever, but its popularity hasn’t ruined the market, according to analysis from Jeremy Grantham’s GMO. GMO, co-founded by legendary investor Grantham, has been getting questions from clients about the impact of passive investing on markets, the firm’s co-head of asset allocation […]
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