Passively managed products

The 20 top-performers are largely comprised of low-cost tech offerings.

The green investing movement has totaled at least $30.7 trillion of funds held in sustainable or green investments in 2018, up 34% from 2016, data show.

The funds raked in $150 billion in 2019 as investors have gotten more comfortable with how they react across different market environments.

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.

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

Funds that track custom-built indexes often seek exposure to securities based on factors like ESG and strategies that would typically be actively managed.

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

The four new types of funds use a so-called proxy basket and will publish some information about their portfolios every day.

Fund industry Darwinism should be seen as healthy and natural in a thriving — albeit brutal — market, an expert says.

The metal’s price has dipped from its high in September amid a raft of good news that has boosted investors’ risk appetite.

The large number of closures in equities and “other” categories could not be offset by new additions, Index Industry Association research shows.

Data reported by the Investment Company Institute.

The decommissioning of redundant measures outweighed the creation of new benchmarks, according to a new report from the Index Industry Association.

The regulator says it eliminated the need for providers to seek a special order from the agency before funds can be sold to investors.

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

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

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

The correlation between fees and performance is not “apples-to-apples when taking the funds’ underlying exposures into account,” an expert says.

The average expense ratio among the leading 20 is nearly 40 basis points cheaper than what investors paid on average last year.

New products give institutional investors a fresh way to exploit the rise of machines.