EMEQ

DaddyTheFatherCR

Outside of the usual VXUS, I like IDVO, EMEQ, AVIV, AVNM.

EarAppropriate7361

I’m in the minority that I don’t trust market cap weighted index funds. I do 50% active management 50% passive factor-weighted funds. A lot of the studies about active vs passive seem flawed to me. As you say, a lot of active funds are trying to be more defensive than the market, have rules for sector weighting, don’t allow mag 7 over concentration. Personally I think active funds work better with lower AUM for higher flexibility and higher concentration into a small number of holdings to put more weight in their highest conviction picks. But I choose multiple funds with managers that have different investment styles like GRNY, PVAL, CGDV, EMEQ, STRN, and AIS so there’s still diversification despite the concentration. I feel that the expense ratio is the cost I pay to have somebody else choose my stocks rather than picking them myself, rather than an extra expense I’m losing by not investing in an index.  But does the table tilt toward active managers the more people invest in index funds? Yes, but it would require a lot more people to do that. When markets are efficient indexes do well and active struggles. But there could be a breaking point where too much index investing could potentially create opportunities for active investors, but we’re very far away from that being the case.