How Asia’s large instos approach passive investing

This article is adapted from a feature on passive investing that originally appeared in the AsianInvestor Spring 2020 edition, published just as the coronavirus was spreading in early March.   The rationale for institutional investors to invest more via passive funds is a simple one: it's very cheap, particularly compared to active fund managers. In many of the more liquid public markets such as US or European large cap equities it has tended to outperform the latter too, especi…