Trading, by its nature, is active management and index fund managers did a lot of trading just to stay in the game.
The growth in fixed-income ETF investing is expected to continue as more investors and advisors convert from active management to index fund investing.
The Institute for Supply Management manufacturing index rose to 54.7 in July, which the ISM estimates is associated with a 4.4% real GDP growth rate.
One bright note was the Institute for Supply Management nonmanufacturing index.
The Institute for Supply Management said its index of factory output rose to 52.7 from 50.8 the month before.
Though the drop in the services sector was less severe than expected, the Institute for Supply Management's index painted a bleak picture of the job market.
Recent bad news included a sharp fall in the National Association of Purchasing Management's index of manufacturing activity in December: it hit its lowest level since April 1991.
The Institute for Supply Management's index of manufacturing activity, a forward-looking gauge of the strength of the U.S. manufacturing sector, came in at 53.7 on June 5, a level consistent with economic expansion.
One person may argue that all index investing is active management because securities are constantly changing within an index.
Calling style investing with index funds as active management may sound like heresy to some in the index community.
The Institute of Supply Management said its service index rose to 56.1 in December, from 54.7 the previous month.
The Institute for Supply Management's manufacturing index came in at just 38.9 for October, below the 41.0 estimated by Wall Street economists.
In America the Institute for Supply Management's manufacturing index fell in June to below 50, for the first time in almost three years (see chart).
The strongest part of the ADP report came from in services, which got another dose of good news when the Institute for Supply Management's December index showed the sector had its twelfth-straight month of growth and its best since 2006.
It is hard for active bond management to compete with bond index funds and ETFs.
The Institute for Supply Management said Monday that its index of factory activity slipped to 51.3 percent.
The Dow was up 80 points before pulling back after the Institute for Supply Management's purchasing manager index fell last month.
The Institute for Supply Management will release its nonmanufacturing index for the month of January, which is expected to come in at 32.8.
As a general rule, Bill Palmer, a certified financial planner at Win Wealth Management in Denver, prefers index funds or exchange-traded funds for their lower fees.
WSJ: Investors Buying Dividend Stocks for Income Are Taking On a Lot of Risk.
Factory activity as measured by the Institute for Supply Management, formerly the National Association of Purchasing Management, rose to an index level of 48.2 in December.
Andreas Utermann, a director at Mercury Asset Management, thinks a euro index will underperform a broader, pan-European benchmark and should therefore not be marketed as a better alternative to clients.
Earlier this week, the Institute for Supply Management's July purchasing managers index showed a continued contraction.
The Institute for Supply Management said its non-manufacuring index rose to 42.9, from a revised 40.1 December reading.
When a portfolio manager for an index fund performs additional management services, the fund is no longer passive.
The Institute for Supply Management said its non-manufacturing index came in at 40.6 in December after November's record-low 37.3.
Meanwhile, the Institute for Supply Management reported its non-manufacturing index fell to 41.6 in February, from 42.9 in January.
The Institute for Supply Management's Non-Manufacturing Index showed the services index grew faster than expected in September, the ninth-straight monthly gain.
The report comes a day after the Institute for Supply Management said its non-manufacturing index rose to 42.9, from a revised 40.1 December reading.
On the economic front Tuesday, the nonmanufacturing sector expanded at a faster pace than a month earlier, bucking economists' forecasts for it to slow, according to the Institute for Supply Management's nonmanufacturing purchasing managers index for February.
They are rehashed active management strategies that are being called an index for marketing purposes.
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