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MSCI chief: world of passive investing won't last forever

Conditions under which passive management trumps active management are not permanent

MSCI chairman Henry Fernandez says active management will show its value when the world economy improves, monetary policy recedes, and asset returns are higher.


PASSIVE investing has taken the world by storm, and MSCI stands at the heart of it.

But Henry Fernandez, MSCI's chairman and chief executive officer since 1998, has a surprisingly centrist view on whether the world will be dominated by...