Hot Reads: Active Fees Outweigh Alpha, Says CalSTRS

Compiled by ETF.com Staff

CalSTRS Head Says Active Management Rarely Adds Value (CNBC)
The leader of the U.S.’s second largest public pension fund says alpha is outweighed by fees.

Taiwan ETFs Post Record Inflows In May (Financial Times)
The country now has $1.82 trillion in assets in ETFs despite surging COVID-19 cases.

US Oil Drillers Mum On New Spending Despite Rising Prices (Reuters)
Investors are demanding capex discipline after COVID-19 caught drillers in debt traps.

PitchBook: Infrastructure Funds Primed For Investment (Institutional Investor)
Funds in infrastructure are expected to raise aggressively versus other real asset funds.

US Bond Benchmark ETF Posts First Loss In 6 Weeks (Capital Spectator)
Bonds didn’t recover alongside other asset classes after the Fed’s hawkish turn.

Dollar-Cost Averaging Vs. Value Averaging At Market Highs (Seeking Alpha)
Equities still offer strong returns for investors, but risk management is key in the long run.

Is The Race To Zero Expense Ratio Over? (Citywire)
ETF market maker Roxane Sanguinetti believes the focus has shifted from price to quality and liquidity.

Smart Beta Has Worked For Bonds Since Napoleon (FA Magazine)
Using data going back to 1800, a study focused on the momentum, value and low-risk factors.