Index investing: How it started vs how it’s going
The first index fund launched in the United States in the 1970s, and the industry has since gone through many transitionary and growth periods. Since the global financial crisis between 2008 and 2009, there has been an acceleration in adoption of index tracking products globally, especially in the US. This came about due to various reasons including underperformance by active fund managers, regulation, and a low yielding environment.