Since the first form of passive fund management began in the US in the 1970s, indexing has been the subject of much debate. Among other theories, the efficiency theory supporting indexing stipulates that if the market is relatively efficient, it is not possible for actively managed funds to outperform stockmarket indices. This report aims to equip fund management companies with the right tools and insight to tackle the developments and seize the opportunities presented in the 21st Century. From Reuters Business Insight.