Bob Kargenian’s Research Published in Advisor Perspectives

Bob Kargenian’s research paper, All Indexes Are Not Created Equal, was published in Advisor Perspectives, a leading interactive publisher for Registered Investment Advisors (RIAs), wealth managers, and financial advisors.

According to Kargenian, “A little over two years ago, we decided the long term evidence of trying to select actively managed equity funds in comparison to their index peers was too compelling to pass up, and thus we switched virtually all equity exposure in client portfolios to ETFs (exchange traded funds) that represent various indexes and parts of the stock market. Mind you, we are still tactical in deciding how much exposure to have, but this was about WHAT we should own.

“Today, there are more indexes than stocks, and as you will see below, there is a lot of overlap in many areas (large cap, mid cap). We had to narrow the universe down to a manageable level and eliminate redundancy. So, we went about the process you will see below, essentially comparing the four largest providers of ETF indexes against one another in each category.”

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