Actively-managed ETFs are different than most ETFs. Most ETFs practice “passive” fund management. Traditional ETFs stick with this passive management—they follow the lead of the sponsor of the index (for example, Standard & Poors). Sponsors of stock indexes do from time to time change the stocks that make up the index, but generally only when the market weighting of stocks change. They don’t attempt to pick and choose which stocks they think have the best prospects.
The MER (Management Expense Ratio) is generally much lower on passive ETFs than on conventional mutual funds or actively-managed ETFs. That’s because most passive ETFs take a much simpler approach to investing. Instead of actively managing clients’ investments, ETF providers invest to mirror the holdings and performance of a particular stock-market index.
Many brokers and portfolio managers have built a business around putting their clients into actively-managed ETFs—and making frequent changes in their ETF holdings. Their sales literature focuses on how easy it is to invest and profit in these investments.
It’s a great marketing gimmick, but it subverts the prime advantage of ETFs, which is low cost.
By the time the ETF specialists add their fees and commissions to actively-managed ETFs, their clients are paying the equivalent of mutual fund MERs to buy what amounts to a hodge-podge of index funds.
Learn about the costs of investments like actively-managed ETFs by following TSI Network. Maximize your investment gains by using our three-part Successful Investor strategy:
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With output well ahead of China and Peru, Chile is the world’s leading miner of copper; its annual output of 6 million tonnes represents a third of global production, and copper accounts for 24% of Chile’s total exports. Investor gains in Chile directly or indirectly… Read More
Investors in Chile have benefited from the success of Latin America’s best-performing economy for the past two decades. During this time of rapid expansion, poverty levels fell (while consumer spending rose) and healthcare and education improved substantially. However, the country has struggled over the past… Read More
An academic study titled “Would A Stock By Any Other Ticker Smell As Sweet?” examined the performance of companies with clever stock tickers such as Southwest (LUV), Internet America (GEEK), Lion Country Safari (GRRR), and Explosive Fabricators (BOOM).
This study found that between 1984 and 2004,… Read More
We continue to assess the merits of ETFs that have underperformed for investors over the past 3 years: Below we give you a snapshot of funds focused on global energy stocks, copper miners and U.S. telecoms. Each faces industry pressures that impact your returns. Still,… Read More
Oil producers and providers of services to the oil industry, are increasingly under pressure to reduce carbon emissions.
Many of the integrated oil producers have already established extensive renewable energy operations that will grow and replace some of their oil production over time.
Overall, oil and gas… Read More
Lower management expense fees (MERs)are a key selling point for ETF investors. Indeed, this month, we highlight—as we do each issue—the MER for each funds we cover. Even so, it’s easy for investors to lose sight of what a difference even a few basis points… Read More
There’s no guarantee stocks that have underperformed for extended periods will perform better in the future; nevertheless, when quality companies end up at the bottom of performance rankings, but have low valuations and high dividend yields, they deserve a second look. This month, with subscriber… Read More
We think that overall, most investors should hold the bulk of their portfolios in high-quality U.S. and Canadian stocks—or ETFs that hold those shares. But if you’re looking to add growth to your portfolio, here are some niche ETFs we recommend for your new buying.
International… Read More
ETFs that lost value during 2019 were hugely outnumbered by those that gained in value. Indeed, low interest rates, plus receding fears of recession, supported gains.
Stocks, in particular, had an outstanding year, with the U.S. market leading the way. At the broad market level, the Vanguard… Read More
This month we consider two new high-interest savings ETFs, which compete with money market funds. We also offer you a look at a hedge fund ETF from AGF.
In our August 2019 issue, we initially analyzed high rate savings ETFs from Purpose Investments. Since then, the… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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