The Compelling Case for Actively Managed ETFs in China
Exchange traded fund investors seeking to diversify should consider the case for actively managed investments in China. In the recent webcast, Unpacking Global Markets: Getting Beyond Beta – A Conversation with Davis PM Danton Goei, Danton Goei, Portfolio Manager, Davis Advisors, argued that standard global benchmarks like the MSCI All Country World Index are overly diversified with weightings that are not conviction-based. Specifically, the MSCI ACWI includes 2,962 holdings from 77 countries with an average individual position size of 0.03%. Yet is important to note that the United States...