March 30, 2023 Evidence Based Investing White Papers The Passive Vs. Active Fund Monitor (2022) Published: March 30, 2023 This report describes the competitive landscape for passively and actively managed retailfunds from 2013 to 2022 in Canada, the United States and worldwide. Section 1 describes the methodology that serves as the backbone of this study. Section 2 describes the Canadian retail fund market. We review the dollar amount, marketshare and flow of funds of passive and active funds. We review the types of passive fundsoffered on the Canadian market, classifying them into three categories: market-capitalizationweighted, factor funds and others. We also examine Canada’s management expense ratios(MERs) of passive and active funds.Sections 3, 4 and 5 review the dollar amount, market share and flow of funds of passive andactive retail funds for the US, the world ex-US and the world overall. Download The Passive Vs. Active Fund Monitor (2022)