Research

Cheap market beta is not the end of active investing

4 Minute Read

How passive is passive investing, is the question we are tackling in this paper.

With the rise of Exchange Traded Funds, a growing body of literature has been concerned with the dichotomy between active and passive investing and its implications for market efficiency, market stability and corporate governance.

We look into the topic from a slightly different angle, analysing and contrasting the various discretionary elements in ETF construction.