The evolution of the intelligent ETF

It’s becoming a well-worn debate, with commentators on each side of the active versus passive argument having to contend with a number of curveballs lately. The passive industry has garnered significant attention over the last 12 months – the IMA recently reported that 2011 was the most successful year ever for tracker funds with net retail sales hitting £1.9bn, bringing total funds under management to £39bn. But 2011 was also a year of firsts for the active management industry. January saw the launch of the first ever low-cost active vehicle in the form of JP Morgan’s UK Active Index...