Outlook 2020: Will investors keep leaping into passive strategies?

Over the course of several years, investment flows have continued to shift from active fund managers to passive vehicles. More than $3.5 trillion had moved into exchange-traded funds over the past 10 years as of October, according to the Financial Times, while funds in US index-based equity mutual funds and ETFs overtook assets in active funds for the first time in August.  There are several reasons for the ongoing rise of investment flows into passive funds. The most obvious is t…