FYI: Actively managed exchange-traded funds are surging in Canada, posing a challenge to the mutual-fund industry that has the highest management fees in the world.
Assets in actively traded ETFs jumped to about $7.33 billion as of May 31, up almost 50 percent from a year ago, according to data compiled by Bloomberg. The funds, which hire portfolio managers to pick stocks, have also outperformed their index-tracking ETF peers this year and now make up about 11 percent of Canada’s $69-billion ETF industry, the most among developed markets, the data show.
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-07-02/active-etfs-gain-in-canada-in-challenge-to-mutual-funds
