Will a tech shake-up stop the rise of passives?

Passive investing has taken over the market, and it's not hard to see why. It's cheaper, simpler, and, let's be honest, many active fund managers just haven't been able to keep up. Over the past decade, the rise of index funds has been fueled by one major force: performance. When a third of a typical US tracker fund is made up of the "Magnificent Seven" of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, active managers who don't hold enough of these stocks are already starting from behind.  AJ Bell's latest Manager versus Machine report lays it out: in seven key ...