What impact is the growth of passive investing having on IR?

October 31, 2013
<p>Index funds and ETFs are accounting for an increasingly larger share of the equity market&nbsp;</p>
Over the summer, news emerged that CalPERS plans to review its use of external active equity managers. In the ongoing debate between advocates of active and passive investing, that made quite an impact. After all, CalPERS manages more than $250 bn in assets, making

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