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Implications of a market dominated by passive funds

As such stock funds overtake active ones, they can create their own bubbles and skew investments and indexes

THE effects of education take time to manifest themselves. When I was a kid, my parents kept their savings in the bank. Even after I came to Singapore for my tertiary education, and subsequently as a working young adult, I kept my savings in fixed deposits in OCBC Bank and Maybank. This was...