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To this point, much of the tremendous growth in the ETF industry–we now have close to 1,200 U.S.-listed exchange-traded products with aggregate assets approaching $1.1 trillion–has been Read more…
Actively-managed ETFs are now close to completing the 3rd year of their existence. The oldest active ETFs on the market, a set of four funds that Invesco PowerShares launched in April 2008, Read more…
BlackRock iShares, one of the key players in the ETF industry which filed to launch actively-managed ETFs, has finally received exemptive relief from the SEC on March 1st. According to the Read more…
In the month of July, actively-managed ETFs in the US saw their total asset base shrink by nearly $300 million from $2.1 billion to about $1.8 billion. While there several big movers in the past Read more…
Charles Schwab hosted a panel discussion about the ETF industry on Aug 10th, 2010 involving many of the leaders in the space including Peter Crawford from Charles Schwab, Ben Fulton Read more…
The Chicago Board Options Exchange (CBOE.O) published the top ten active equity options on Thursday morning. These are the most active calls and puts as of 10:30 a.m. EDT (1430 GMT) Read more…
ETFs first arrived on the US market in 1993. Actively managed ETFs did not arrive until 15 years later in 2008. Actively managed ETFs will celebrate their second birthday later this week on March Read more…
“By now, many investors are familiar with the index approach to exchange-traded funds, in which a single security seeks to capture the diversity of a broader swath of stocks. But a growing portion of Read more…
“The parade of mutual fund companies jumping into the ETF business continues. The latest entrant: Eaton Vance Corp. (EV). The Boston money manager, known in part as one of the largest players Read more…
PIMCO Intermediate Municipal Bond Strategy Fund will begin trading tomorrow under the symbol (MUNI). The Intermediate Municipal Bond Strategy Fund is an actively managed Read more…
In May, Grail Advisors launched the market’s first true, actively managed equity ETF, the Grail American Beacon Large Cap Value ETF (GVT). Traded on the New York Stock Exchange, GVT represented the first fund designed Read more…
An exploration of the future of actively managed ETFs. In early 2008, the first Exchange-Traded Funds (ETFs) possessing the “active” label began to emerge, leading the asset Read more…
Ron Rowland Reports from istockanalyst.com that “Actively managed ETFs have been touted as the ultimate ETF product. So far it has been all hype, or as they say “all show and no go”. With so much buzz, you would think at least one active product would have gained some traction. That is not the case. Read more…
The Claymore filing includes three named funds:
Claymore Laffer Macro Economic Global Equity ETF
The Claymore Laffer Macro Economic Global Equity ETF’s investment objective is to provide long-term capital appreciation. The Fund is a Foreign Fund and an Equity Fund, which seeks to achieve its investment objective by investing, under normal market conditions, at least 80% Read more…
Over the last several months, a number of actively-managed ETFs have been launched. These investment vehicles are essentially a hybrid of traditional mutual funds and ETFs, providing many of the benefits that have boosted the ETF industry (lower fees, greater transparency and flexibility, etc.), while implementing an active trading strategy in an attempt to outperform a market benchmark. While truly actively-managed ETFs (i.e., funds that permit managers discretion in trading) are a relatively new innovation, actively-managed ETFs have technically been around for some time, pioneered by PowerShares, which launched several funds in 2008.
Not Quite Active, Not Quite Passive
PowerShares’ actively-managed ETFs are unlike traditional ETFs in that they do not attempt to track any type of benchmark. Rather, the composition of these funds is generally determined by a two-step process: Read more…
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