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TTU118: TRILLIONS...The Passive Revolution ft. Robin Wigglesworth
22nd December 2021 • Top Traders Unplugged • Niels Kaastrup-Larsen
00:00:00 01:37:29

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“The mutual fund is coming up to a 100 years old, if you count the first US mutual fund, but in the past 50 years it’s been all about the index fund. So the reason why I started covering it so much at the FT is because I felt it was under-covered in comparison to some of the more titanic hedge fund managers.”

Passive & quantitative investing has grown exponentially over the years and is now responsible for trillions of dollars of investors’ capital.  How has this affected the world of active money-management, and what does the rise of passive investing mean for the investment world overall? Well, it turns out that renown Financial Times Global Finance correspondent, Robin Wigglesworth, has a great new book out about passive investing called ‘Trillions’, and I couldn’t resist the temptation to invite him on to the show to talk about the book, and other subjects related to investing and trading. Enjoy this conversation as we cover how the financial crisis of 2008 affected investors' relationship to the markets, the innovators behind the rise of passive investing, Tesla’s entry into the S&P 500, and Robin’s thoughts on Trend Following strategies.

Thank you for listening and please welcome to the show, our guest, Robin Wigglesworth.

In This Episode, You’ll Learn:

  • How journalism and financial media has changed in the last 15 years
  • Why the rise of passive investing plays such an important part of the history of finance
  • The big players behind the rise of passive investing
  • The first index fund
  • The rise of BlackRock
“Studies have shown that the index inclusion affects, which is the uplift that you get from being in a major index like the S&P 500, has been fading quite dramatically for some time and basically is non-existent.”
  • The merits of passive and active investing
  • How investors might react to a prolonged bear market
  • The benefits of quantitative investing strategies
  • Why systematic investing is often criticised so heavily
  • Some of Robins’ thoughts on Trend Following

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And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.

Learn more about the Trend Barometer here.

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“The reason I think quantitative investing is going to take over the world is that I think we’re all moving towards rules-based investing. A lot of what quant funds do is what active managers have been doing for decades, which is doing things systematically. But in a quicker way, so it’s more transparent and cheaper, which is what an index fund is - a really simple quant fund.”