Passive players took in more than $400 billion last year, and while the assumption is that they don't transact, they're actually very active, Mike Green of Logica Capital Advisors told Real Vision during today's Daily Briefing.
Green said that people get seduced by the language of passive indexation and it is perceived as harmless, but "passive" is an improper label, as they are actually causing significant distortion in asset prices.
He explained that because passive assumes the last price is the right price, they're willing to transact at any price, and by virtue of coming