Details Emerge on iShares Actively-Managed ETFs

by on May 19, 2009 | Updated June 18, 2009

As reported last week, Barclays recently filed to launch multiple iShares actively-managed ETFs. While few details were originally available regarding the investment strategies these new ETFs would utilize, a prospectus filed with the SEC late last week has shed some light on the proposed funds.

According to the filing, the objective of the new iShares ETF will be to “maximize absolute returns from its portfolio of foreign currency forward contracts and exchange-traded futures contracts that may involve commodities, currencies, interest rates and certain eligible stock or bond indices.” The prospectus also mentions that the fund will not be bound by any mandatory allocation requirements, and as such may be disproportionately exposed to specific currencies or other investments at any given time. The new ETF will trade on the NYSE Arca Exchange under the ticker ALT.