Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
A favorite arb maneuver is crowded out by a swarm of ETFs adding and subtracting stocks.
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.