Asset Allocation
New Champs: Index Funds Edge Past Actives in Stock Market Share
Better performance and lower fees lead to switch. Demographics, too.
You want a helping of alpha along with beta-hugging index funds? We asked some shrewd allocators how they get it.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
Fund’s new investment model emphasizes active management over indexing.