A fund is classified as passive if it calls itself an index fund, enhanced index fund
, or ETF.
My data-points screening below indicates that of those 26 funds, none, not even one, was an Index Fund or an Enhanced Index Fund
, leaving all 26 as actively managed funds.
For clients that might consider a small cap fund, the Voth Nixon Group provides supplementary options which include: VNX Stock Selector Small Cap Fund (retail and Advisor share classes); VNX Small Cap Value (retail and Advisor share classes); VNX Small Cap Stock Fund; VNX Advisor Small Cap Fund; VNX Small Cap Growth Fund (retail and Advisor share classes); and VNX Small Cap Enhanced Index Fund
An enhanced index fund
is a portfolio that seeks to achieve superior returns, but mirrors the risk profile of the average it's based on.
For investors considering a small cap fund, Fidelity offers several additional options, including: Fidelity Stock Selector Small Cap Fund (retail and Advisor share classes); Fidelity Small Cap Value (retail and Advisor share classes); Fidelity Small Cap Stock Fund; Fidelity Advisor Small Cap Fund; Fidelity Small Cap Growth Fund (retail and Advisor share classes); and Fidelity Small Cap Enhanced Index Fund
It's essentially an enhanced index fund
based on the Dow Jones industrial average, run by co-managers Charles Carlson and Richard Moroney.
My data-points screening below indicates that of those 25 funds, only three were Index Funds, and one was an Enhanced Index Fund
, leaving 21 actively managed funds.
My datapoints screening below indicates that of those 47 funds, only one was an index fund, and none was an enhanced index fund
, leaving 46 actively managed funds:
With an increasing number of individual investors seeking more institutional-like products for their portfolios, Fidelity strengthened its mutual fund offering by launching three new enhanced index funds
: Fidelity Large Cap Value Enhanced Index Fund
, Fidelity Large Cap Core Enhanced Index Fund
and Fidelity Large Cap Growth Enhanced Index Fund
where he successfully managed an enhanced index fund
using sophisticated algorithms.
The styles of the sub-accounts that are transitioning to Curian include Sector Strategy Portfolios, Index Strategy Portfolios, Target Strategy Portfolios, and an Enhanced Index Fund
We offer tax-aware investments, separate account wraps, insurance funds, cash products and actively managed and enhanced index fund
product offerings," says Gatch.