The Passive Investor

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The rise of passive investing on the stock markets. Why is so-called passive investing getting more common, and what impact is it having on stocks? Manuela Saragosa speaks to Merryn Somerset Webb, editor-in-chief of Moneyweek magazine, and to two money managers: Fran Kinniry from the investment strategy group of Vanguard, the US fund managers who set up the first ever passive investment fund back in the 1970s, and Gideon Smith, the Europe chief investment officer for the Rosenberg equities division of the AXA Investment Managers. Producer: Laurence Knight (Photo: Stock market graph, Credit: Getty Images)