Tim, don't be confused by terms like "active management". Even when you buy indexed funds on open trading web sites, you're using some sort of active management (it just might mean a computer algorithm instead of a real person).

The only 'advice' I can give is.....decide if you're a long term investor or a short term speculator. You can make a ton of money gambling in a hedge fund, or at the casino. Either you want to preserve your capital into the future, or you're willing to lose it all today.

BTW, it's interesting that there's no Gobal Cannibus ETF, even though medical marijuana is taking on Big Pharma. hmmm