Selling that happens not because a manager dislikes the stock, but because the fund’s rulebook says so. When a country leaves an index, funds tracking it must sell — that is a “passive outflow.”
被动流出
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $3bn | Indonesia stocks sink most in 28 years on MSCI downgrade warning 被动流出 · 第 5 张术语卡 | Why it matters here ▸ Mirae puts the standalone scenario at about $3 billion of passive outflows; UBS says $4 billion, with active investors potentially adding $15 billion more. 被动流出最可怕的地方是「不讲价」：它按规则、按权重机械卖出，不看估值高低、不做判断。主动资金可以再商量，被动资金没有商量余地——所以印尼才会拼命改革，试图保住分类。 |