Passive Small-Cap ETFs

Since Election Day, small-cap stocks and exchange-traded funds have been enjoying a blistering pace, but that rally is eliciting concern among some market observers. For example, the iShares Russell 2000 Index (ETF) (NYSE: IWM) is up 13.3 percent over the past month, but there are signs some of the...

There is a slew of data points suggesting that active management has some, to put it delicately, shortcomings. Those issues are particularly acute when drifting away from large caps to mid and small caps. “The March 2016 persistence scorecard, published last week, showed that just 19 percent...