The future looks messy for passive investors

By Merryn Somerset Webb

11 Feb 2023 · 5 min read

Editor's Note

The best-performing shares of tomorrow are not those of yesterday. So why, asks Bloomberg columnist Merryn Somerset Webb, would you put money into an investment fund that mostly tracks the latter?

Marie Kondo recently announced she had given up on tidiness. It turns out that she found it easy to be immaculate because she had no kids. Now she has three.

What next you might wonder. Will social media influencers discover they found it easy to be thin and beautiful mostly because they were young? Will tech investors learn it was easy to get rich because interest rates were too low for too long? Will the managers of passive investment funds find they were successful only because market momentum was on their side?

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