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.
ETFs experienced in 2005 another year of impressive growth.
Plus, news on J.P. Morgan, TIAA-CREF, Barclays, Citizens, Legg Mason, and more.
Are Merrill Lynch's HOLDRs a good alternative to funds and ETFs?
Extreme stock downturns are preceded by a sustained period of accelerating growth rates.