Amid a rough patch for stock pickers, money has flooded into exchange-traded funds that aren't trying to outperform the market.
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A fund manager with $13.6 billion in assets shares his simple strategy for picking stocks (FN, NTRS)
David Wallack, portfolio manager of T. Rowe Price's Mid-Cap Value Fund, says active managers have shown their mettle during downturns.
David Wallack
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But several active fund managers see this year as a turning point for their industry.
This interview was edited for length and clarity.
Oyedele: An ETF of ETFs was recently launched, just to show how hot the product itself has become. You've had success picking individual companies. What are your thoughts on this ongoing debate?
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Wallack: I
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