### Comment:
It’s the passive investing that is keeping the markets and big companies alive and somewhat stable all over the world. Passive investors are truly doing God’s work.

### REPLY:
Still going to see outflows in the next few years as boomers take profits out of equities and shift into safer assets for retirements. Millennials don't have the income to take up the slack with their McJobs flipping burgers and their mountains of debt for their liberal arts degrees.

### END.