2024-05-01 07:30:00 ET
Summary
- Active managers typically underperform their passive benchmarks.
- REITs are an exception in which stock-picking can be lucrative.
- I explain why this is.
Co-produced by Austin Rogers
This year, for the first time ever, total assets in passive US funds like ETFs and indexed mutual funds surpassed those in actively managed funds.
In most cases, this makes sense.
After all, passive funds have lower average fees while typically beating their actively managed peers in total returns. What's not to like?...
Read the full article on Seeking Alpha
For further details see:
Why I'm Steering Clear Of REIT ETFs