Index funds and passive investing vehicles have structurally outperformed active management over long timeframes due to lower fees and consistent market exposure.

"the data showed that, over time, the active money managers underperformed relative to these equity benchmarks (indexes). Trillions are now allocated to passive funds like mutual funds and ETFs, designed to replicate the performance of the Nasdaq-100 and other U.S. equity indexes. It has created a self-reinforcing, virtuous cycle with positive performance and a low-fee structure."