A robust and active trading ecosystem benefits asset owners and investment managers by fostering transparency, market efficiency, and investor confidence. This paper documents, for the first time…
This report adds institutional accounts to the mutual funds analyzed in the S&P Indices Versus Active (SPIVA) U.S. Scorecards. It also examines the impact of fees.
We investigate the new reality of exchange-traded fund (ETF) investing and the impact it has on the overall activeness of the market. We argue that, just as many active investment vehicles are “…
