Indexes don’t play favorites, but clients might ask you to.

As sub-categories of various technology sectors (ahem … artificial intelligence) continue to dominate stock market performance, financial advisors are starting to question the pros and cons of passive broad market index investing. While the longer-term perspective has favored low-cost index funds over bull market periods, more recent market volatility and lopsided performance by select sectors has advisors taking a closer look at what’s inside ETFs, like market giants the Vanguard Total Stock Market Index Fund (VTI) and the State Street SPDR S&P 500 ETF Trust (SPY). While those funds have bargain basement expense ratios of 3 basis points and 9 basis points,…