Bond ETF with $2 billion AUM beats passive funds by 0.59% - here's why active management wins

The bond market has about as much efficiency as a government office on a Friday afternoon. While most investors assume bonds trade like clockwork, the reality is messier than a toddler's art project. Enter SMTH - the ALPS/SMITH Core Plus Bond ETF that's managed to collect over $2 billion by betting on this beautiful chaos.

When Big Fish Make Small Ponds

Here's the thing about bonds: a handful of massive investors basically own the playground. Think of it like musical chairs, except there are only three chairs and fifty players, but the three sitting down control the entire game. This con...