

Mendoza College of Business
Dean, Professor of Finance
Barron's
April 21, 2022
“If you buy an actively managed fund, at the least you want to make sure that the higher fee you pay gives you a different product than what you can get at a very low price,” explains Martijn Cremers, the co-creator of the active-share metric, which measures the percentage of a mutual fund’s portfolio that differs from its benchmark.