Beware of Index Funds Charging Active Fees
April 25, 2022 at 11:02 AM EDT
The active share metric can be an effective tool to weed out actively managed funds that merely imitate index funds, yet still charge higher fees. However, it still has limits. Introduced in 2009 by professors Martijn Cremers and Antti Petajisto to provide a new way to measure active portfolio...