It has become conventional wisdom in markets that the continued rise of passive investing is seemingly inevitable. If active investors charge fees and pay transaction costs, they will on average underperform a passive benchmark. Over time, this return advantage has become so obvious that the dominant force in the US equity market today is passive.
被动投资的持续增长貌似在所难免，这已然成为市场循规蹈矩的普遍共识。若积极型投资者收取费用并支付交易成本，则其平均业绩将逊于被动基准。随着时间的推移，此种回报优势变得显而易见，以至于当今美国股市的主导力量是被动投资。
