Under the bonnet: The nuances of passive equity fund selection

When creating a robust multi-manager solution, much effort is usually undertaken to establish preferred active managers, while passive funds have historically received less attention from a manager selection perspective. Despite this, the passive equities asset class has been growing rapidly. Over the last 10 years, according to eVestment, passive equity assets under management has grown by 3.75x in comparison to 1.9x for active equity management.     Source: eVestment. Data: Long-Only Equity Passive Index Funds (including all market cap and geographic regions). Currency: GBP...