The Stiff Headwinds of Active ETFs
November 17, 2015 at 12:00 PM EST
In the asset management world, the semiannual release of S&P Dow Jones’s SPIVA (S&P indexes versus actively managed funds) report generally gets a reaction. It’s simultaneously greeted with cheers and jeers—“I told you so”; “yeah, but”; “you’re hired”; and “you’re fired.” SPIVA’s detailed...