Reports of the arrival of actively managed exchange-trade funds have been greatly exaggerated. Sure, there are some ETFs of recent vintage that come close, such as the PowerShares that track the quantitatively constructed Amex Intellidexes. Firms also have filed applications for active ETFs with ...
Less-liquid stocks have higher expected returns than more- liquid stocks.
Industry tilts appear to pay off for momentum but are not integral to the success of value and low-volatility strategies.
ETFs experienced in 2005 another year of impressive growth.
Plus, news on J.P. Morgan, TIAA-CREF, Barclays, Citizens, Legg Mason, and more.
The returns of factor investment strategies often look more impressive in academia than in practice.
Are Merrill Lynch's HOLDRs a good alternative to funds and ETFs?