Bloomberg The Wall Street Rebels have issued a ‘disastrous’ warning. (Bloomberg) — The $11 trillion index is surging. Active management is the original form of ethical investing, according to skeptics of the $11 trillion passive boom, and time is running out to save it from the indexing attack. The passive frenzy is “potentially disastrous” on a societal level, according to Michael Green, chief strategist at Simplify Asset Management. “An looming disaster necessitates individuals making changes.” Despite the fact that the first fund to imitate the movements of an entire market was formed fifty years ago, skeptics persist./n
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