As part of their great future of investing series the FT published an excellent series of charts summarizing the failures and challenges to investment theory.
Two of the more interesting charts are here(click to enlarge).
The top graph shown here presents the growth in passively managed assets, which has grown from around 8% in 1989 to 18% in 2009. btw I would guess the slight dip in passively managed assets between 2007-2009 marks the rush to hedge funds, something that will likely be reversed going forward.
The second graph (click to enlarge) shows the relative growth in market cap for various international asset classes. Emerging was steady at around 5% in both 1989 and 1999 (the first two bars) but by 2009 was around 20%.
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