Launches & Fundraising

Passive investing

Too big to fail? Twenty funds capture 87 per cent of investment flows in a month

Too big to fail? Twenty funds capture 87 per cent of investment flows in a month

A handful of the highest-raising investment funds are scooping the vast majority of all money invested in a month, raising concerns that large passive managers are becoming “too big to fail”. On average, 87 per cent of monthly net investment flows go toward the top twenty funds alone, according to exclusive data from EPFR.