George Athanassakos | Are ETFs and robo-advisers killing active management?

In a piece for the Globe and Mail, finance professor George Athanassakos wonders if the rise of ETFs (exchange-traded funds) and robo-advisers will spell the end of active portfolio management.

Athanassakos, a firm believer in the principles of value investing, warns if ETFs and robo-adviser companies become popular enough to attract the majority of investable funds out there, they will distort financial markets.

"So, is active management doomed? I do not believe so. The more investors use ETFs and robo-advisers, the larger the mispricing of individual securities and the larger the opportunities for active managers – such as value investors – to outperform."