FYI: I’ve noticed something profound the past few years: depending on your audience, the definition of active investing and passive investing is different.
To a financial journalist, active means “human stock-picker,” and passive means “computer stock-picker.” In addition, financial journalists often consider that index and passive mean the same thing, because both strategies rely on a “computer stock picker.”
An example of this interpretation of the terms active and passive was highlighted recently in a Barron’s article, which describes our firm’s recent switch from operating our ETFs under an active relief, to operating our ETFs under index relief:
Regards,
Ted
http://blog.alphaarchitect.com/2017/02/24/active-versus-passive-investing-can-we-end-the-confusion/#gs.U57Gtm4
