Ideas & Insights Our Advisors Our Teams Resources White Papers eBook Market Statistics Model Portfolios Important Documents Recommended Readings Calculators What We Do Who We Are Our Story Our Board Members Management Team Governance & Internal Controls Compliance Safe-Keeping your Assets World Class Partners Research Department Perspective Newsletter Careers Contact Us Evidence Based Investing Passive versus Active Report (2016) Download this Document Published: 2016-09-30 Key evidence about the competition between passive and active management This report describes the competitive landscape for passively and actively managed funds over the last ten years in Canada and the United States. In the first six months of 2016, Canadian passive funds increased their market share from 11.9% to 12.9% on the back of a positive flow of over $7 billion. In contrast, Canadian active funds attracted only $1 billion. Over the same period, U.S. passive funds increased their market share from 30% to 32%. This year to date (YTD), U.S. passive funds have attracted $177 billion, versus outflows of $107 billion for active funds. Since 2007–2008, Canadian passive funds have increased their market share from 4.1% to 12.9% and have attracted $55 billion in net new money, compared to $34 billion for active funds. Since 2006–2007, U.S. passive funds have increased their market share from 16% to 32% and have attracted a $2.5 trillion net money flow, compared to $954 billion for active funds. Download this Document Contributors Raymond Kerzérho ,CFA, Director of Research Author Raymond contributes to PWL with his thirty years of experience in investment strategy and fixed income portfolio management. Related White Papers Evidence Based Investing Five Factor Investing with ETFs Published: December 23, 2020 Evidence Based Investing The Value Premium: Fact or Fantasy? Published: November 24, 2020 Evidence Based Investing Dollar Cost Averaging vs. Lump Sum Investing Published: June 23, 2020 View All White Papers IIROC AdvisorReport Ideas & Insights Our Advisors Our Teams Resources All Resources White Papers eBook Market Statistics Important Documents Model Portfolios Recommended Readings Calculators Checklists What We Do Who We Are Our Story Our Board Members Management Team Governance & Internal Controls Compliance World Class Partners Research Department Contact Us Client Login PWL Wealth Centrenew My Portfolio + FR
Raymond Kerzérho ,CFA, Director of Research Author Raymond contributes to PWL with his thirty years of experience in investment strategy and fixed income portfolio management.