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FYI: BofA Merrill Lynch and S&P (SPIVA) have each recently reported the outperformance of active management versus market-cap-weighted indices so far this year. With record-low volatility and low stock correlations, some are proclaiming the return to favor of active management after years of suffering outflows to passively run index funds. Regards, Ted http://www.etf.com/sections/etf-strategist-corner/changing-landscape-traditional-active?nopaging=1