America’s hottest investment product is about to go global

Passive investments, including exchange-traded funds (ETFs) and index funds, currently account for $6 trillion of global assets.

And, according to a report by Moody’s Investor Services published on Thursday, that’s just the beginning.

Current penetration in US financial markets is only 28.5%, a number that Moody’s forecasts will reach over 50% by 2024 at the latest.

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