CFA Institute：2024超越主动和被动投资：金融的定制化报告（英文版）

The common narrative that passive investing will overtake active management suggests a primarily passive future for investors. However, an analysis of fund assets under management (AUM) data across time and regions offers a starkly different perspective on the future of investment management.Contrary to popular belief, active management continues to dominate passive investing as measured by worldwide AUM. Even though index fund AUM experienced a 1,500-fold increase since 1989, it still repres