BREAKOUT 3: Long Only Equity: Active, Passive and The Space Between

Investors have been moving significant capital out of active long-only strategies due to the relatively small number of active managers that outperform the passive benchmark over time, especially relative to their fees. While indexed ETFs have been the primary beneficiary of this trend, many investors hesitate to accept the perceived inefficiencies of a cap-weighted strategy, and so have shown great interest in “smart beta” or factor-based strategies that combine active bets with a systematic investment approach. This session will discuss developments in active and passive investing, and further explore “the space between”.