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The stock market is about to do something unusual: rise more than 20% for the second year in a row. FactSet data shows that so far this year, the S&P 500 has gained 24.73%, slightly higher than last year’s 24.23%. Deutsche Bank said it would be the third consecutive rise of this magnitude in the past century. However, despite this unusual trend, two actively managed ETFs still outperformed the index. The London-listed J.P. Morgan U.S. Research Enhanced Index Equity ETF (ticker JREU) has consistently outperformed its benchmark — not just this year and last year, but every year since 2019 and also in 2024 . ” (REI) strategy combines index investing and active management. Piera Elisa Grassi, co-fund manager of the ETF, previously told CNBC that the fund made a lot of small bets, rather than a few large bets. The result is a fund that closely tracks its benchmark in terms of overall composition but with slight adjustments designed to generate excess returns. The fund is available to most European investors. The JREU-GB .SPX 5Y Line GSPY Gotham Enhanced 500 ETF is a newer fund, so its track record of outperformance is shorter. However, it has outperformed the S&P 500 every year since its inception in 2021. Gotham ETF said the fund “buys all 500 stocks in the S&P 500 but reweights them to buy more stocks we think are cheaper and less stocks we think are more expensive.” GSPY .SPX 5Y line