Active is Not Dead: Morningstar's Johnson

The video discusses the shift from active to passive funds in US equities, highlighting the cost advantages of passive funds. It explores the challenges active managers face due to high costs and suggests strategies like launching ETFs to mitigate these costs. The video also examines the role of non-transparent ETFs and smart beta strategies, emphasizing that active management is evolving rather than declining.

What challenges do active managers face regarding transparency in actively managed ETFs?

In what ways can smart beta funds be considered a form of active management?