ETF Database » GVT

Complete List Of Active ETFs

Michael Johnston — Sun, 05 Jun 2011 11:00:14 +0000

Since PowerShares debuted its first active ETFs in the spring of 2008, this corner of the exchange-traded product market has grown tremendously. Though many active ETFs have been somewhat slow to accumulate assets, the increase in the size of the lineup highlights the trend towards vehicles that combine active management with the exchange-traded structure. There are now dozens of actively-managed ETFs offering exposure to a number of asset classes, including stocks, bonds, and currencies. The following tables present all of the active ETFs currently available to U.S. investors, including expense information, inception date, and the applicable benchmark. New active ETFs are added as they are launched, providing a real time list of active ETFs [filter by active / passive and other fields with the free ETF Screener]. Equity ETFs There are a number of different active equity ETFs, including funds that offer exposure to both domestic and international equity markets. [...]

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Ameriprise To Buy Grail, Push Into ETF Industry

Michael Johnston — Fri, 15 Apr 2011 13:32:02 +0000

After months of speculation sparked by an SEC filing announcing Grail Advisors was near an agreement to be acquired, the future for a pioneer in the active ETF space is a bit more clear. Minneapolis-based Ameriprise Financial has reportedly agreed to acquire Grail, giving the financial giant the exemptive relief required to launch actively-managed ETFs. In a January SEC filing, Grail noted that it had “entered into a letter of intent concerning a transaction involving its ownership interests in order to enable it to continue its operations.” No details on the identity of the suitor were released, with the company’s CEO indicating only that the would-be acquirer was a “well-known firm in the money management space.” According to industry sources, last month the two sides were far apart on the purchase price for the San Francisco-based firm and the exemptive relief it holds. It isn’t clear if the firm mentioned [...]

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iShares Gets Active ETF Approval

Michael Johnston — Sun, 27 Mar 2011 14:00:53 +0000

iShares, the largest issuer of U.S. ETFs that was acquired last year by BlackRock, has received SEC approval to introduce actively-managed ETFs. iShares currently offers more than 200 passively-indexes ETFs, and the recent SEC decision opens the door for the company to introduce exchange-traded products not linked to a specific benchmark. iShares ETFs had aggregate assets of about $460 billion at the end of February, representing about 43% of the U.S. market. iShares had previously indicated that any active ETFs launched would be transparent, meaning that the holdings would be disclosed on a daily basis. The frequent disclosure of underlying holdings has been widely cited as a reason for the slow growth of ETFs, as those requirement could potentially lead to “front-running” issues that would erode returns. In a November 2010 filing, iShares highlighted two potential active ETFs, thought details on specific strategies or holdings were limited: iShares Active Fixed [...]

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Grail Advisors: RIP Or Rebirth?

Eric Dutram — Sun, 09 Jan 2011 16:00:01 +0000

Grail Advisors, the San Francisco-based ETF issuer known for pioneering the actively-managed ETF space, recently made an interesting filing with the SEC. In the document, Grail announced that it was entering into a letter of intent concerning a transaction involving ownership interests in order to continue its operations, including paying its future obligations under its fee waiver and expense reimbursement agreements. In other words, it appears as if Grail is on the verge of being sold, though there was no indication as to who might be buying the firm (and the exemptive relief to launch active ETFs that it holds). Should the deal fall through, the SEC filing suggests that the company’s ETFs could be liquidated immediately and that the Board of Trustees of the Trust has the authority to approve the liquidation of each ETF, without shareholder approval. Should this happen it would kill of one of the first [...]

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Seven Wildly Successful Active ETFs

Michael Johnston — Mon, 08 Nov 2010 12:00:47 +0000

The ETF industry has grown by leaps and bounds in recent years, thanks in large part to a shift by investors towards cost-efficient passive indexing strategies and away from pricey active management. But many in the industry have opined that actively-managed ETFs–in a sense hybrid products that exhibit characteristics of both active mutual funds and passive ETFs–would be the next big area of growth. PowerShares debuted the first actively-managed ETFs in April 2008, and Grail followed the next year with what some consider to be the first true actively-managed exchange-traded funds (the PowerShares products rely on quantitative analysis to make buy/sell decisions, and at one point were restricted in terms of the frequency with which they could trade) [see also Are We Out Of ETF Ideas? Not By A Long Shot]. The launch of Grail’s first ETF in particular was hailed as a game-changer in the investment world, and predictions [...]

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AdvisorShares Launches Mars Hill Global Relative Value ETF (GRV)

Michael Johnston — Sat, 10 Jul 2010 13:01:03 +0000

Bethesda, Maryland-based AdvisorShares announced today the launch of the Mars Hill Global Relative Value ETF (GRV), the second ETF product from the company. The new ETF will be actively-managed; instead of seeking to replicate the performance of a particular benchmark, GRV will attempt to generate consistent positive returns in excess of the average annual return of the MSCI World Index. GRV employs a “relative value” approach created by Mars Hill. The idea behind the strategy is to combine long positions in the most attractive country, sector and industry ETFs with equal dollar amounts short in the least attractive country, sector and industry ETFs. In other words, GRV employs a long/short portfolio construction strategy, seeking to profit from the performance spread between long and short positions. Because they have the potential to generate positive returns in either bull or bear markets, long/short strategies have become a favorite tool of investors in [...]

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Three Active ETF Gamechangers

Michael Johnston — Thu, 08 Apr 2010 16:20:47 +0000

The rise of the ETF industry has been truly remarkable in almost every way. A surge in product offerings has democratized asset classes and investment strategies previously available only to institutions and the super-rich. ETFs have been embraced as an efficient means of accessing everything from copper to Treasuries. And while the industry remains very top-heavy, more and more funds are receiving a warm reception from the market and seeing assets surge. But one area has been a bit of a disappointment. Actively managed ETFs, which some expected to pose an immediate and formidable threat to traditional mutual funds, have been slow to gain traction. When they launched amidst great hype (some of it from ETFdb), huge success seemed like the most likely outcome. But few actively-managed equity funds have seen assets climb above $5 million, and only a couple have topped $20 million (bond funds, particularly those from PIMCO, [...]

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Handicapping The Active ETF Race

Michael Johnston — Thu, 18 Mar 2010 16:01:23 +0000

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. Some analysts doubt that active management will ever really catch on, citing a number of hurdles that may be difficult to overcome. Others think that a surge in activity in the space is inevitable, eagerly anticipating a number of potential “gamechangers” that could accelerate growth. Despite the slow start, active ETFs have gained some momentum in recent months, and there’s reason to believe [...]

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Will Legg Mason Jumpstart Actively-Managed ETFs?

Michael Johnston — Wed, 24 Feb 2010 19:38:04 +0000

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 very little in the way of disclosure from would-be ETF issuers. Legg’s filing mentioned that potential ETF products could include domestic equities, global equities, and fixed income funds, but didn’t specify beyond that or indicate which products may be first up. “Legg Mason’s plan to get into the rapidly expanding ETF industry comes on the heels of a year that saw several fund industry giants toss their hats into the ETF ring,” writes John Gabriel for Morningstar. “After dragging their feet for several years, many fund companies are now embracing the opportunity to capture a [...]

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Checking In On Ten Major ETF Launches From 2009

Michael Johnston — Thu, 04 Feb 2010 19:15:20 +0000

Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to continue through2010. Based on discussions with industry executives and others covering the industry, it seems like a safe bet that 2010 will shatter existing records for new ETF launches. But there has also been some concern over saturation in the ETF industry, as well more than 100 funds currently have less than $10 million in assets. Hype around the launch of new products doesn’t always translate into sustained investor demand. While many investors and advisors are looking forward to some of the exciting products in the pipeline for 2010, we take a look back, checking [...]

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ETF Database » GVT

Complete List Of Active ETFs

Related Posts:

Ameriprise To Buy Grail, Push Into ETF Industry

Related Posts:

iShares Gets Active ETF Approval

Related Posts:

Grail Advisors: RIP Or Rebirth?

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Seven Wildly Successful Active ETFs

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AdvisorShares Launches Mars Hill Global Relative Value ETF (GRV)

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Three Active ETF Gamechangers

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Handicapping The Active ETF Race

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Will Legg Mason Jumpstart Actively-Managed ETFs?

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Checking In On Ten Major ETF Launches From 2009

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