Passive management is an investment strategy that aims to replicate the performance of a specific market index, such as the S&P 500. Instead of actively selecting individual stocks, passive managers invest in a broad range of securities to match the index's composition. This approach typically involves lower fees and less frequent trading. Investors using passive management often choose index funds or exchange-traded funds (ETFs) that track a particular index. The goal is to achieve long-term growth by staying invested in the market rather than trying to time market fluctuations or pick winning stocks.