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Is there a risk index funds could fade after a spectacular run?
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Hunter Lewis is CEO of Hunter Lewis and a co-founder and former CEO of Cambridge Associates. He is best known for advising major US universities on their investment strategies.
Index funds have had a spectacular run. They collected $8.5tn in retail investment dollars by the end of the first quarter of this year, according to Morningstar, more than all active strategies together. Along the way, they became the dominant investment idea.
Yet...
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