Exchange-traded funds continue to grow as institutional and retail investors are increasingly incorporating them into both active and passive strategies. At last count there were 291 ETFs with 383 listings on 27 global exchanges.
From the Journal of Indexes - The author unveils a methodology that seeks to incorporate the collective decisions of fund mangers into investable benchmarks in an article that was originally published in the Journal of Indexes in Q2 of 2002.
S&P's active vs. passive quarterly scorecard showed mixed results in the third quarter. Active funds beat S&P's large- and small-cap indexes while trailing in the mid-cap space -- but indexes win out over the long term.