Active equity investing active portfolios have tilted towards

Active portfolios have tilted towards cybersecurity firms this month, with "active equity investing" gains of 6% driven by increased corporate spending following high-profile breaches. Analysts expect accelerated M&A activity in the sector. “The fixed income market, certainly relative to the equity market, is much more complicated, oftentimes much more inefficient, and certainly less liquid,” says Michael Chang, head of high-yield portfolio management at Vanguard. “That's the type of environment where if you know what you're doing, there's potentially a lot more value to be added via active management.” Kephart : Yeah, recently we’ve seen a lot better results from active bond managers, particularly the cheapest ones. According to our latest Active/Passive Barometer, over the last 10 years, the cheapest active bond funds have outperformed passive peers in general. And so with active bond ETFs, that low cost is kind of built-in, so that really gives them a big advantage. So you might see strong performance from active bond ETFs going forward, too. Global macro shifts are shaping "active equity investing" focus towards renewable energy stocks, which rose 2.1% this week due to EU subsidies and corporate ESG targets. Analysts forecast double-digit returns in solar manufacturing over the next 12 months.