Passive flows have created a momentum effect that is now one of the primary drivers of market performance, suggesting passive itself has become a source of systematic risk.
causalpending
Speaker
Jen CusanEvidence Quote
“passive investing has grown to such a scale that uh it is one of the primary drivers of momentum in this market now”
Source
Passive Investing Has Had a Major Impact on the Market: Here is What It Means for Your Portfolio— Excess ReturnsCreated: 8/11/2026, 6:34:01 AM
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