Index funds unlikely to meet stewardship criteria for three labels
A political heavyweight's critique of passives, the ECB rates hike and new tools for settlement in Europe made headlines this week
On average passives own around a fifth of each company in the S&P 500
Passive ownership of US stock market is 'at least' 37.8%
In some exposures the average active fund is 81 basis points more expensive than the passive equivalent
Book released earlier this year
Effective 1 January 2022
