The case for active investing in uncertain times

Passive investing has enjoyed record growth over the last 30 years but, according to T Rowe Price, recent uncertainty in the markets may have created the ideal conditions for active investing to thrive. Over the past few years, large-cap stocks have dominated, creating a highly concentrated market. History shows that after such periods, skilled active managers often excel as the market broadens and diversifies. With higher interest rates, increased volatility, and a dynamic global economy, active investors can find opportunities and manage risks more effectively. This article explains how active...