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A $500 Billion Haul Reignites Passive Controversy on Wall Street

(Bloomberg) -- The passive-investing juggernaut is picking up speed — and it’s stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionWith almost a month still to go in 2024, index funds have raked in some $500 billion in fresh cash, while their