Passive, low-cost strategies dominate today’s equity portfolios given the long-term underperformance of active equity managers and high levels of market concentration. However, a more volatile market environment, a return of market breadth, and the rise of big data and AI, are once again opening up the possibility of extracting alpha from public markets. A look at the latest asset owner thinking in world still constrained by Your Future Your Super for super funds and a range of competing considerations for all institutional investors.
