Tyranny of the Index

As the popularity of passive index investing has soared in recent years, we’ve watched in dismay as Frontier and Emerging Market (FEM) indexes have gained market share.

To counter the thinking that Index-driven investing is better, our white paper, Tyranny of the Index, addresses:

Discussion topics include:

  • How market cap and liquidity calculations create tremendous biases among index constituents
  • The country-level risk lingering in FEM indexes
  • Inconsistent decisionmaking by index operators
  • The rise in passive investing in index funds and ETFs
  • How indexes undermine the market’s price discovery dynamics
  • How we actively resist indexes’ gravitational pull

Access the White Paper

Access the White Paper