The phrase _____________________ is used to describe ETFs that, like actively managed mutual funds, attempt to outperform passive indexes.

Name: The phrase _____________________ is used to describe ETFs that, like actively managed mutual funds, attempt to outperform passive indexes.
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Question

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Non-transparent ETFs are designed to operate similarly to actively managed mutual funds, aiming to outperform passive indexes without disclosing their full portfolio holdings daily, as traditional ETFs do.

The Phrase _____________________ Is Used to Describe ETFs That, Like