Investment

Interval funds continue to raise cash from investors, and new managers are launching products briskly.

Four years after their debut, actively managed strategies that only periodically reveal their holdings are enduring a slow demise.

Precise index projections have never served investors well.

Vance Howard’s HCM Tactical Growth Fund has beaten 96% of its peers over the last five years with an annualized gain of 20%. 

But the pace of declines is beginning to slow down as many passive funds are already charging only a few basis points.

Investors put $413 billion into U.S. ETFs in the first half of 2024, the highest six-month total since the second half of 2021, according to Morningstar. A Bloomberg analyst said July 18 is his “best guess” as to when spot Ethereum ETFs could be...