Has Indexing Become Too Big?
Passive investing might be growing, but it still represents only modest trading volume on any given day, says Vanguard's Joe Brennan.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Investors have been dumping active funds in favor of passive products. I recently sat down with Joe Brennan, Vanguard's global head of equity indexing, to discuss fund flows and whether indexing has grown too big.
Joe, thank you so much for being here.