Can Index Funds Be a Force for Sustainable Capitalism?
"According to my estimates for every dollar actively managed, either through high turnover diversified portfolios or through low turnover concentrated portfolios, there are three dollars in indexing or quasi-indexing. In such a market there will be tremendous rewards for market participants that can provide a differentiated service."
[COMMENTARY] This is a great piece by Harvard’s Professor Serafeim on the way forward for ethical-ESG investing.
Can Index Funds Be a Force for Sustainable Capitalism? By George Serafeim, Harvard Business Review, December 7, 2017, USA.