May 2025

The BNY Investment Institute’s Active vs. Passive study takes an in-depth look into active management compared to passive alternatives, at various levels of granularity across asset classes. The discussion around Active vs. Passive has become increasingly complex and blanket statements on where to utilize index funds versus active management may not always apply. The study identifies characteristics of active managers to help investors make more informed decisions. 

Download Report  << Log in to access the full financial professional’s version