Active management

Deviation from the broader market has left more than half of these products with losses during a time the Dow and S&P 500 each posted double-digit gains.

At 84 basis points, the average expense ratio is over 40 basis points pricier than what investors paid on average last year.

Some accuse index funds of promoting monopolies and distorting markets, among other horrors, but nothing has stemmed the wave of inflows to passive.

It’s official: inexpensive index funds and ETFs have finally eclipsed old-fashioned stock pickers.

The fund has returned 54.5% on its investments this year through August, fueling a 48% gain for shares of Pershing Square Holdings.

Although many underperformed the broader market, just over half posted double-digit gains.

Gaining notoriety and AUM is a challenge without a long-term track record, an extensive distribution network and a well-planned marketing strategy.

Those attracted to the asset management industry are highly susceptible to screening data to fit their existing preconceptions, new research shows.

Most Capital Group portfolio managers have at least $1 million of their own money in their funds.

The actively managed vehicle will invest in about 100 companies.