Passive funds’ share of European investment market jumps to 20%
By Steve Johnson
December 8, 2020, Financial Times
Index-tracking funds now account for a fifth of the European investment market for the first time, following a surge that has led to passive investing doubling its share of the pie over the past decade.
But some fear the continued existence of “kickback” payments, which reward distributors for selling more expensive actively managed funds, will prevent Europe from following the trajectory of the US, where 40 per cent of money is passive.
