The era of pure passive investing is over by Stephanie Guild
https://www.reuters.com/commentary/reuters-open-interest/era-pure-passive-investing-is-over-2026-06-16/
For much of the past four decades, investing in equities seemed pretty simple. Interest rates trended lower, corporate taxes declined and globalization expanded. Those forces lifted valuations broadly, muting the consequences of individual company decisions. You just had to be invested. That time appears to be over.
https://www.reuters.com/commentary/reuters-open-interest/era-pure-passive-investing-is-over-2026-06-16/
For much of the past four decades, investing in equities seemed pretty simple. Interest rates trended lower, corporate taxes declined and globalization expanded. Those forces lifted valuations broadly, muting the consequences of individual company decisions. You just had to be invested. That time appears to be over.