Passive funds are those investment funds modelled to replicate or mirror a market index. Examples include exchange traded funds (ETFs) and unlisted index funds. In their truest sense there is no process of intuitive analysis or management to achieve any performance other than that of the particular market they are designed to reflect. Active management, on the other hand, includes processes designed to attempt outperformance, Alpha, as the market calls it, for the benefit of fund investors. The investment processes used are many and varied.
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| SPIVA Mar 10.pdf | 275.4 KB |
