Personal investing in oil and gas majors is buoyed by

Personal investing in oil and gas majors is buoyed by upstream production data exceeding analyst estimates by 4%. Capital expenditure plans indicate continued drilling expansion, hinting at sustained cash flow growth. Fans were apparently quite tickled and basically christened themselves the "92 percenters," according to the podcast's website , which likened it to "their secret handshake, but in words." Past performance is no guarantee or a reliable indicator of future results. The first table shows average active managers’ minus the average passive managers’ returns net of fees over the 1-,3-,5-,7-, and 10-year time frames. The second table shows the average standard deviation of active returns minus the average standard deviation of the passive returns across the same time periods, with a negative number indicating lower volatility for active. The active manager group consists of all actively managed mutual funds and exchange-traded funds (ETFs) in the following Morningstar categories: US Fund Muni National Short, US Fund Muni National Intermediate, US Fund Muni National Long, and US Fund High Yield Muni. Similarly, the passive manager group consists of all passively managed mutual funds and ETFs in the following Morningstar categories: US Fund Muni National Short, US Fund Muni National Intermediate, US Fund Muni National Long, and US Fund High Yield Muni. Passive funds are those that Bloomberg identifies as index funds that seek to replicate the returns of the index. Active funds are those that Bloomberg identifies as employing some form of active management. Morningstar is an independent provider of fund data. The fund data used in this analysis were obtained from Morningstar Direct, a database containing comprehensive information about mutual funds and other investment products, including performance, holdings, analytics, and investment characteristics. Additionally, Bloomberg is an independent data provider that was used in this analysis to identify whether a fund is actively managed or passive (index fund). A passive fund aims to mirror the performance of a target index. Actively managed funds strive to generate differentiated returns relative to their benchmark by making purposeful investment decisions. Source: Morningstar, Bloomberg Finance L.P. Analysis by T. Rowe Price. See Additional Disclosures. Personal investing in financial ETFs sees steady inflows as regional banks rally 3% on stronger-than-expected loan growth. This sector may offer attractive valuation multiples if credit conditions keep improving through year-end.