FOMO pushes investors to passive funds, doubling growth of active schemes in September
Passive schemes, including index funds and ETFs, added around 1.2 million new accounts during the month. When fund-of-fund (FoF) schemes that invest in passive portfolios are included, the figure rises to 2.1 million new accounts compared to just 1.4 million new accounts for active funds.
Passive schemes, including index funds and ETFs, added around 1.2 million new accounts during the month. When fund-of-fund (FoF) schemes that invest in passive portfolios are included, the figure rises to 2.1 million new accounts compared to just 1.4 million new accounts for active funds.
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