passive

To diversify its reserves, the Swiss central bank's equity portfolio uses a passive strategy that reflects stock market indices rather than picking stocks out to generate profits.

Another factor is that many large-cap companies are now widely held in passive index funds, which are less likely to buy or sell after earnings.

Another factor is that many large-cap companies are now widely held in passive index funds, which are less likely to buy or sell after earnings.

In scoring just one run while striking out 12 times over seven dazzling innings from Blue Jays rookie Trey Yesavage, the defending champions looked passive, uncertain and unable to adjust.

The upshot is that officials eventually must decide when to resume purchases of securities to prevent further passive shrinkage of reserves.