To say opinions on the future of active ETFs are mixed would be a major understatement. Nearly two years after PowerShares launched its first line of active ETFs and a year after the much-publicized launch of the Grail American Beacon Large Cap Value ETF (GVT), active ETFs remain stuck in first gear. Investors have expressed excitement over the development of an investment option combining active management with the benefits of the exchange-traded structure, but have so far been hesitant to put their money where their mouth is. [click to continue…]
The rise of the ETF industry is often attributed (in large part at least) to a shift in investor preference from pricey active management to low-cost indexing strategies. ETFs burst on to the investment scene by offering fees equivalent to only a fraction of those charged by traditional actively-managed mutual funds, and have continued to attract assets as investors frustrated with the inability of active management to consistently generate alpha seek out more cost-efficient alternatives. [click to continue…]
Legg Mason appears ready to make its long anticipated move into the active ETF space. The Baltimore-based asset management firm filed for approval with the SEC that would allow it to introduce actively-managed ETFs to U.S. markets. Filing for exemptive relief is one of the first steps on the road to launching ETFs, and requires [...]
Happy New Year from all of us at ETF Database! What a year it’s been in the world of ETFs. A wave of new product launches and nearly $100 billion in cash inflows are but two of the highlights. For those taking a break from a day of college football, we offer our picks for [...]
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, [...]
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. [...]
Over the last decade, the ETF industry has grown from a handful of exchange-traded products offering quick, cheap, and easy exposure to major U.S. equity benchmarks to more than 850 funds that facilitate investment in nearly every asset class, strategy, and corner of the world imaginable. With so many innovative products hitting the market (September [...]
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 [...]
by Andy H on September 30, 2009
September was one of the most active months in the ETF industry in recent memory. We saw a wave of new fund launches from industry leaders and smaller players alike, along with perhaps the first of many commodity fund closures. September saw the introduction of another actively-managed ETF, proposals on several more innovative funds, and [...]
