From the category archives:
Tuesday marks the first day of trading for the PIMCO Short Term Municipal Bond Strategy Fund (SMMU), the third actively-managed ETF from the Newport Beach, California-based bond fund giant. The fund is designed for investors seeking tax-exempt income, and consists of a diversified portfolio of short duration, high credit quality bonds that carry interest income exempt from federal tax. [click to continue…]
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T. Rowe Price has filed with the Securities and Exchange Commission for approval to launch a line of actively-managed ETFs. In its filing for exemptive relief with the SEC, T. Rowe indicated that its initial fund would invest primarily in domestic fixed income securities, but that it could eventually launch domestic and international equity ETFs, as well global fixed income funds. [click to continue…]
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Newport Beach, California-based PIMCO announced Tuesday the launch of its first actively-managed bond ETF, the Enhanced Short Maturity Strategy Fund. The new ETF will trade on the NYSE Arca Exchange under the ticker MINT and charge expenses of 0.35%. MINT is intended to be a higher yielding alternative to money market funds, and will invest [...]
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Earlier this year, best-selling author Harry Dent , Jr. ventured into the ETF industry, launching the Dent Tactical ETF (DENT) in a move that further blurred the lines between active and passive management. DENT is actively managed by a team of analysts using primarily economic and demographic analysis to determine the overall trend of U.S. [...]
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Earlier this year, San Francisco-based Grail Advisors broke onto the actively-managed ETF scene with the launch of its highly anticipated Grail American Beacon Large Cap Value ETF (GVT). After the follow-up launch of four additional ETFs last week, Grail is moving ahead with plans for two actively-managed fixed income ETFs. The proposed funds, both of [...]
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San Francisco-based Grail Advisors is set to expand its presence in the actively-managed ETF space, introducing four actively-managed ETFs later this week: RP Growth, RP Focused Large Cap Growth, RP Technology, and RP Financials. The new funds will join Grail’s existing actively-managed ETF, the Grail American Beacon Large Cap Value ETF (GVT), which launched earlier [...]
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The “Sage of Doom and Gloom” is about to make a splash into the ETF industry. Index Universe is reporting that an actively-managed ETF run by Harry Dent, Jr. has received regulatory approval and could begin trading as early as next week. The AdvisorShares Dent Tactical ETF will trade under the ticker DENT and is [...]
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In the summer of 1992, Eugene Fama and Kenneth French published “The Cross-Section of Expected Stock Returns” in The Journal of Finance, a groundbreaking analysis that prompted financial presses to run headlines declaring “beta is dead.” While the death sentence may have been a bit severe, it struck a significant blow to a widely-accepted and [...]
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Pimco, which made major waves when it launched its first exchange-traded fund in June, has introduced its second fund, the Pimco 1-5 Year U.S. TIPS Index Fund (STPZ). When Pimco filed to launch its 1-3 Year U.S. Treasury Fund (TUZ), it also filed for approval on six additional indexed ETFs, including:
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Pacific Investment Management Co. (Pimco), the world’s largest bond manager, is making a run at the actively-managed ETF business, less than two months after launching its first passively-indexed fund. According to a filing with the SEC, Pimco plans to launch five new actively-managed ETFs, three of which will focus on bonds maturing in less than [...]
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ProShares, known for introducing leveraged ETFs and inverse leveraged ETFs to the market in 2006, has introduced another unique style of fund, launching the ProShares Credit Suisse 130/30 ETF (CSM). CSM, which began trading on the NYSE Arca Exchange on Tuesday, is the first ETF on the market to follow a 130/30 strategy. The ETF seeks to track the Credit [...]
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A study performed by New York-based research and consulting firm Novarica makes some bold predictions about the investment industry, painting a dismal picture for the future of traditional actively-managed mutual funds. The study predicts that nearly half of mutual funds will disappear by 2015, being replaced by low-cost ETF alternatives. Among the highlights of the [...]
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