Active Index Solutions on Oct. 1 will introduce 18 indexes that will track top-performing mutual funds, confirmed Howard Present, president and CEO of parent company F-Squared Investments, a quantitative investment management firm. The ActiFindex series will comprise six large-cap equity indexes, two value, two core and two growth; three midcap equity indexes, one value, one core and one growth; and three small-cap equity indexes, one value, one core and one growth. AIS will also introduce six sector indexes also under the ActiFindex name.
The indexes mirror a fund-of-funds structure but without the additional fees,said Mr. Present. You can see the value of active managers without the expense ratios.