Fund managers' Catch 22: Doomed if you buy, doomed if you don't

Stock prices are racing north, but it is not a happy time for an active fund manager. According to market experts, much of the money flowing into emerging market equities is coming through the passively managed exchanged traded funds (ETFs). ETFs track an index or a basket of stocks/assets. ETFs are gaining popularity because they are traded on the stock exchanges, are more liquid, see greater price swings and charge lower fees. Conversely, actively managed funds select stocks based on research, charge higher fees and see a gradual change in their net asset values on either side. 

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