Jerome Booth turns aggressive on passive

The idea that you can buy the market, touted by advocates of passive investment, is a 'fiction', according to Ashmore's head of research Jerome Booth

The idea that you can buy the market, touted by advocates of passive investment, is a 'fiction', according to Jerome Booth, head of research at Ashmore Investment Management.

Exchange-traded funds and other passive investment products aim to invest in a so-called 'market portfolio', based on the idea that you can create an index which includes all possible investments in an asset class weighted in proportion to their size.

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