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21st July 2026

Is any investment decision ever truly passive?

With index concentration rising and benchmark labels telling less of the full story, the active vs passive debate is missing the point. Read M&G's Lighthouse article for expert insight on why deliberate implementation matters more than ever – and how PruFund puts it into practice.

Highlights

  • Choosing to track an index is, in itself, an active investment decision – one that now can carry significantly more concentration risk than headline allocations imply.
  • Index and active strategies each have a role, but the case for active is strongest where markets are least efficient: emerging markets, small cap, and fixed income.
  • Market dynamics warrant more deliberate implementation – selective index exposure, active management in public markets, and a meaningful private markets allocation that diversifies by source of risk, not just asset class label.

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