Over the last year or so there has been a lot of buzz around the idea known as “Active Share”. Proposed by Cremers and Petajisto, simply put Active Share is a way to measure the degree of deviation ...

Closet indexing is still common. Some funds charge active management fees but hold portfolios that closely resemble their benchmark, which increases the risk of underperforming low-cost index funds.

Asset manager Woodford has joined Neptune Investment Management as the latest investment companies pledging to list the active share for each of their funds. The measure, presented as a percentage, ...

SIXA is a high-conviction actively managed fund meant to complement broad-market ETFs like those tracking the S&P 500 Index. Its expense ratio is 0.47%. After screening out "mega-cap" stocks with ...