Beyond indexes

Active ETFS

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Exchange-traded funds (ETFs) have been taking the investment market by storm. Since their launch in the early 1990s, growing numbers of investors have flocked into the sector, attracted by the low costs, tax advantages and transparency of the product. This year, their popularity could receive a further boost, as ETF providers - traditionally confined to tracking indexes - have received the green light to engage in active management.

The US Securities and Exchange Commission (SEC) approved the fir

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