Actively Managed ETFs Turns Two Years Old This Week

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 25, 2010.

As of today, there have been a total of 27 actively managed ETFs launched in the US. The first one was Bear Stearns Current Yield (former ticker YYY), which also has the dubious distinction of being the first actively managed ETF to be delisted, barely six months after its launch.

Later this week on March 24, WisdomTree US Short-Term Government Income (USY) will become the second actively managed ETF to be delisted. Unless there are some additional launches this week, there will be a total of 25 actively managed ETFs trading on Thursday for the two-year industry birthday celebration.

So far, 2008 saw the most launches of actively managed ETFs with 14 new funds. Looking at the data by type of fund reveals that equity and currency strategies have been the most popular with nine each. There have been seven actively managed bond ETFs and two multi-asset funds.

The table below lists all 27 actively managed ETFs sorted by launch date.

Actively Managed ETFs – March 2010

# Ticker Name Type Listed De-listed
1 (YYY) Bear Stearns Current Yield Bond 03/25/08 10/01/08
2 (PQY) PowerShares Active AlphaQ Equity 04/11/08  
3 (PQZ) PowerShares Active Alpha Multi-Cap Equity 04/11/08  
4 (PLK) PowerShares Active Low Duration Bond 04/14/08  
5 (PMA) PowerShares Active Mega-Cap Portfolio Equity 04/14/08  
6 (CYB) WisdomTree Dreyfus Chinese Yuan Currency 05/14/08  
7 (BZF) WisdomTree Dreyfus Brazilian Real Currency 05/14/08  
8 (ICN) WisdomTree Dreyfus Indian Rupe Currency 05/14/08  
9 (EU) WisdomTree Dreyfus Euro Currency 05/14/08  
10 (USY) WisdomTree U.S. Short-Term Govt Income Currency 05/20/08 03/24/10
11 (JYF) WisdomTree Dreyfus Japan Yen Currency 05/21/08  
12 (BNZ) WisdomTree Dreyfus New Zealand Dollar Currency 06/25/08  
13 (SZR) WisdomTree Dreyfus S. African Rand Currency 06/25/08  
14 (PSR) PowerShares Active U.S. Real Estate Fund Equity 11/20/08  
15 (GVT) Grail American Beacon Large Cap Value Equity 05/04/09  
16 (CEW) WisdomTree Dreyfus Emerging Currency Currency 05/06/09  
17 (DENT) Dent Tactical ETF Multi-Asset 09/16/09  
18 (RFF) Grail RP Financials ETF Equity 10/02/09  
19 (RWG) Grail RP Focused Large Cap Growth ETF Equity 10/02/09  
20 (RPX) Grail RP Growth ETF Equity 10/02/09  
21 (RPQ) Grail RP Technology ETF Equity 10/02/09  
22 (ALT) iShares Diversified Alternative Trust Multi-Asset 11/16/09  
23 (MINT) PIMCO Enhanced Short Maturity Strategy Bond 11/17/09  
24 (MUNI) PIMCO Intermediate Muni Bond Strategy Bond 12/01/09  
25 (GMTB) Grail McDonnell Core Taxable Bond ETF Bond 01/29/10  
26 (GMMB) Grail McDonnell Intermediate Municipal Bnd Bond 01/29/10  
27 (SMMU) PIMCO Short Term Municipal Bond Strategy Bond 02/03/10  

Written By Ron Rowland From Invest With An Edge

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