With the major indexes performing so well, enhanced exchange-traded funds are having a hard time making a case for themselves, the Associated Press reports.Portfolio managers of enhanced ETFs are going to have to make some smart calls if they hope to compete against regular ETFs and index funds, which are not only offering strong performance right now but are well known for their lower fees and tax efficiencies.

The S&P 500 Index reached a record high it has not seen since 2000. Likewise, the Russell 2000 and Dow Jones Industrial Average indexes have also been continually reaching record highs for a number of months.

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