Via our man Brian in Chicago comes this fascinating pair of charts.
As much as the active crowd slag on indexing — recall its a Marxist, nonprofit, Socialist, bubble, that is dangerous to the economy — the graphics below make it very clear to even the most biased and conflicted observer that the crowd has voted with their feet — and dollars.
Blackrock wins ETF flows in ‘18 and has seen largest share capture for last 5 years
Index-Investing Critic Takes Aim, Fires, Misses (December 12, 2018)
Tales of Indexing’s Slowdown Have Been Greatly Exaggerated (July 25, 2018)
Debating Passive Versus Active Investing (October 11, 2017)