“The mutual fund is almost coming up to a 100 years old if you count the first US mutual fund, but in the past 50 years it’s been all about the index fund. So the reason why I started covering it so much at the FT is because I felt it was under-covered in comparison to some of the more titanic hedge fund managers.”—Robin Wigglesworth
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In This Episode, You'll Learn:
- How journalism and financial media has changed in the last 15 years
- Why the rise of passive investing plays such an important part of the history of finance
- The big players behind the rise of passive investing
- The first index fund
- The rise of BlackRock
“Studies have shown that the index inclusion affects, which is the uplift that you get from being in a major index like the S&P 500, has been fading quite dramatically for some time and basically is non-existent.”—Robin Wigglesworth
- The merits of passive and active investing
- How investors might react to a prolonged bear market
- The benefits of quantitative investing strategies
- Why systematic investing is often criticised so heavily
- Some of Robins’ thoughts on Trend Following
Follow Robin Wigglesworth's work:
“The reason I think quantitative investing is going to take over the world is that I think we’re all moving towards rules-based investing. A lot of what quant funds do is what active managers have been doing for decades, which is doing things systematically. But in a quicker way, so it’s more transparent and cheaper, which is what an index fund is - a really simple quant fund.”—Robin Wigglesworth