You're incorrect. He never was a supporter of the S&P500. His reasons for discouraging from investing in QQQ or whatever sector/thematic funds are valid too.

Since it's better for us to invest in UCITS funds, it's better to wait out for Avantis to launch their UCITS fund lineup soon.

Small Cap Value funds aren't considered thematic funds. They're part of factor-based investing (Based on academic literature). However, only invest in them with high conviction in the literature.

This post has been edited by Gwynbleidd: Jun 17 2024, 06:29 PM

You have to think Passive and Active as a spectrum. Even the S&P500 is considered active as the stocks are selected by a committee. And in the middle we have rules-based/systematic funds like those factor funds where there isn't discretionary decisions by someone (fund manager).