Active Management
Most open-end funds are actively managed, meaning that a portfolio manager picks the securities to buy, although index funds are now growing in popularity. Index funds are open-end funds that attempt to replicate an index, such as the S&P 500, and therefore do not allow the manager to actively choose securities to buy.
Read more about this topic: Open-end Fund
Famous quotes containing the words active and/or management:
“This teaching is not practical in the sense in which the New Testament is. It is not always sound sense in practice. The Brahman never proposes courageously to assault evil, but patiently to starve it out. His active faculties are paralyzed by the idea of caste, of impassable limits of destiny and the tyranny of time.”
—Henry David Thoreau (1817–1862)
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)