Active investing is drawing growing interest as investors look to spread their money beyond a handful of mega- cap technology stocks. Strategies that blend data-driven models with managers' judgment calls are gaining ground over purely passive approaches. Smart beta ETFs, which some describe as "quasi-active,†pulled in about $37 billion during 2025, according to insights from Nate Geraci, president of NovaDius Wealth Management and co-founder of The ETF Store. These funds follow factor-based rules without m ...

2026 is upon us, and it will be a year for active and not passive investing. I continue to hold high conviction that the stock market will be flat to slightly down this year, but underlying category leadership will change significantly.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contri ...

In a world full of get-rich-quick schemers, Tae Kim is a breath of fresh air. His “Financial Tortoise” videos preach patience over brash gambles and overcomplicated portfolios, and like many smart investors, Kim promotes wealth-building techniques that are safe, slow and steady. Common sense dictates that people that earn more money have access to better knowledge, opportunities and resources, and as a result, have more success investing their money. However, Kim believes the opposite. In fact, he believ ...

Core Insights - The approaching end of the year signals the start of tax loss harvesting season, which can significantly benefit portfolios in a complex year like 2025 [1][2] - Tax loss harvesting allows investors to sell underperforming assets to lower their overall tax bill, provided they avoid the wash sale rule by reinvesting in substantially different assets [2][3] Group 1: Tax Loss Harvesting - Tax loss harvesting is a strategy that can help investors manage their tax liabilities by selling assets at a loss [2] - The wash sale rule necessitates that investors reinvest in different assets to avoid tax complications, creating opportunities for active investment strategies [2][3] Group 2: Active ETFs - Active ETFs are gaining popularity as they offer a tax-efficient wrapper and the flexibility of active management, making them suitable for tax loss harvesting [3][4] - The creation and redemption mechanism of ETFs results in fewer taxable events compared to mutual funds, enhancing their appeal for investors [4] Group 3: Example Fund - The T. Rowe Price Capital Appreciation Equity ETF (TCAF) is highlighted as a potential option for investors looking to refresh their portfolios, managed by David Giroux with a focus on fundamental research [5]

Core Insights - The T. Rowe Price Intermediate Municipal Income ETF (TAXE) offers an active investment approach in the tax-exempt ETF category, leveraging T. Rowe Price's research capabilities to provide income through municipal bonds exempt from federal income taxes [1][2]. Investment Strategy - TAXE charges a competitive fee of 24 basis points and targets intermediate maturity municipal bonds across various credit ratings and categories [2]. - The fund's active managers evaluate multiple factors such as prices, yields, credit quality, interest rates, and economic conditions to assess investment potential, allowing for flexibility to include high-yield municipal bonds [3]. Performance Metrics - Year-to-date, TAXE has returned 3.3%, outperforming the FactSet Segment average of 2% during the same period [4]. - The fund has achieved a yield to maturity of 4.07% as of August 31, according to T. Rowe Price data [4]. Advantages of Active Management - Active management in tax-exempt ETFs addresses limitations faced by passive funds, such as early bond calls that can disrupt allocations [4]. - T. Rowe Price's managers utilize the firm's fundamental research capabilities to gain deeper insights into the municipal bond market, potentially enhancing portfolio performance [4].

Group 1 - The article invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - There are no disclosed stock, option, or derivative positions in any of the companies mentioned, nor plans to initiate such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation from any company mentioned [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [3]

Group 1 - The article invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - There are no disclosed stock, option, or derivative positions in any of the companies mentioned, nor plans to initiate such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation from any company mentioned [2] Group 3 - Past performance is not indicative of future results, and no specific investment recommendations are provided [3] - The views expressed may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [3]