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Active investing in an indexed world

from Pensions & Investments

While active management still plays a critical role in portfolios of all sizes and sophistication levels, it’s hard to ignore the reams of headlines and research notes making the case for passive. Even hard-core stock pickers can’t ignore the increased adoption of indexed exchange-traded funds and the proliferation of “smart beta” indexes that aim to track territory that was previously the purview of active managers. more

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