Fund performance

The bank created a new unit that houses its Marcus online lending business and credit-card venture with Apple.

ETFs tracking themes — such as robotics, blockchain and cannabis — closed the year just 1% higher than where it started.

Although passive has steadily lured cash from active, this year assets in indexed equity funds topped those in active stock funds for the first time ever.

Data reported by the Investment Company Institute.

More than half of them track the industry’s top-performing category.

A major driver of growth has been the “increased awareness” of advantages like tax efficiency, liquidity and transparency, according to Bank of America.

Despite the exodus, all of the mutual funds and ETFs on the list posted net gains for the year.

“There’s less performance chasing than you saw in the past, and that’s a positive thing,” an expert says.

The fund gained 22% last month, beating more than 1,970 rivals.

Macro products that trade everything from euros to oil have struggled amid soaring stock valuations and ultra-low interest rates.