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According to Matt Turner at Business Insider, passive investing is taking over the money-management world through exchange-traded funds (ETFs), which simply track an index.

1. What are some of the advantages of ETFs for investors?
2. During April in the U.S., what amount of money was tied up in ETFs? And according to Credit Suisse analysts, what percentage of investments is this in the U.S.?
3. What was the advice in the article about how active traditional, mutual funds managers can fight back?
4. Explain the new kind of ETF.

Turner, M. (2016). Mutual funds are facing extinction. Business Insider, June 5 (Retrievable online at