How Passive Funds Changed Investing

Fantastic explanatory from the FT on the history of passive investing:


click for ginormous infographic

Source: FT

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  1. MarketStudent commented on Feb 3

    A good explanation, but the article and infographic timeline should also have mentioned the 1960 issue of the Financial Analysts Journal whereby Edward F. Renshaw and Paul J. Feldstein proposed creating what are now known today as index funds. As a side note, a second article in the 1960 issue by John B. Armstrong (pen-name of John C. Bogle) argued against index funds. Upon reflecting on index funds, only later did Bogle change his mind.