The End of Indexing: Six structural mega-trends that threaten passive investing

Index-tracking is the flavour of the day - it accounts for around one-third of the total US mutual fund market, and is still growing rapidly. Indexing appears to be unstoppable.

But, in The End of Indexing, investment veteran Niels Jensen presents a different vision. In a forthright and compelling examination of the investment landscape, Jensen argues that the economic environment we are entering will be unsuited to index-tracking strategies.

Jensen identifies six structural mega-trends that are set to disrupt investors around the globe:
1. End of the debt super-cycle
2. Retirement of the baby boomers
3. Declining spending power of the middle classes
4. Rise of the East
5. Death of fossil fuels
6. Mean reversion of wealth-to-GDP

In conjunction, these six themes have the potential to create conditions resembling a perfect storm that will result in low economic growth for decades to come. Investment techniques and methodologies - including passive investing strategies - that have worked so well in the bull market of the last 35 years will no longer deliver acceptable results.

As a new investment approach is called for, The End of Indexing provides investors with a guide to the challenging environment ahead and a warning about the future decline of index-tracking.

• Mastering the Market Cycle: Getting the Odds on Your Side
• Predicting the Markets: A Professional Autobiography
• Big Mistakes: The Best Investors and Their Worst Investments (Bloomberg)
• Skin in the Game: Hidden Asymmetries in Daily Life
• Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
• Portfolio Construction for Today’s Markets: A practitioner’s guide to the essentials of asset allocation
• The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
• Collusion: How Central Bankers Rigged the World
• Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and Fraud in Financial Reports
• The Geometry of Wealth: How To Shape A Life Of Money And Meaning