Active management

With promises of potentially beating the market, actively managed ETFs can appear attractive to investors. But with higher fees and more potential volatility, are they worth it?

"This pace is unlike anything we have seen," said Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors.

Cash is flooding into actively managed developing nation funds, which many investors suspect are undervalued.

Actively managed exchange-traded funds have accounted for nearly one-third of ETF flows so far this year, a record share.

Some funds lost more than 90% this year.

With $2.6 trillion in total assets, the firm is by far the biggest name yet that’s seeking to make such a move.

The long-term leaders carry fees more than twice the broader industry.

Home to more than $3 trillion, outperformance among the leaders comes with some caveats.

If Biden’s proposal is enacted, Nir Kaissar writes many investors will dump their funds to avoid paying a higher tax down the road.

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.