ETF Database » PSR

Are U.S. REIT ETFs A Buy In 2012?

Stoyan Bojinov — Thu, 12 Jan 2012 11:00:13 +0000

After a tumultuous 2011 many investors are still finding their footing in the markets as confidence in the global economic recovery remains battered down. Despite persistent volatility in financial markets coupled with a looming debt crisis in Europe, the U.S. economy has demonstrated tremendous resilience; investors on the home front have digested platefuls of better-than-expected data releases from both the housing and labor markets over the past few months [see How To Invest Like UBS In 2012]. Encouraging economic data and signs of a labor market recovery have prompted many to overweight U.S. exposure in their portfolios going into 2012; likewise, the domestic real estate market has caught the attention of investors looking to favorably position themselves as the recovery at home picks up steam. Consistent increases in new home sales and improving confidence amongst homebuilders have been two signs of a slow, but steady, recovery in the beat down [...]

Click here to read the original article on ETFdb.com.

Tax Efficiency Report Card

Daniela Pylypczak — Tue, 10 Jan 2012 12:00:24 +0000

The year-end periods provides the ETF industry with a couple of opportunities to flex its collective muscle; performance comparisons generally tend to favor those products with lower expense ratios–a defining feature of exchange-traded funds. But early January also puts another benefit of exchange-traded products into focus: enhanced tax efficiency relative to traditional mutual funds. The nuances of the exchange-traded structure have the potential to bring additional tax efficiencies to investors thanks to the availability of an “in kind redemption” that ultimately gives investors more control over the timing of tax obligations. Mutual funds, on the other hand, have a nasty tendency to stick remaining shareholders with tax liabilities incurred as a result of redemptions by others–a development that can obviously be undesirable [see Tax Loss Harvesting With ETFs: 6 Ideas To Lower Client Liabilities]. ETFs won’t allow investors to skip out on their taxes, but this product structure can deliver [...]

Click here to read the original article on ETFdb.com.

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. [...]

Click here to read the original article on ETFdb.com.

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 [...]

Click here to read the original article on ETFdb.com.

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 [...]

Click here to read the original article on ETFdb.com.

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, [...]

Click here to read the original article on ETFdb.com.

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 [...]

Click here to read the original article on ETFdb.com.

An Active ETF Gets Its Wings

Michael Johnston — Tue, 16 Mar 2010 07:00:28 +0000

The monthly data release of ETF trading data from the National Stock Exchange always provides a comprehensive industry snapshot, detailing fund flows, asset levels, and the latest update on an increasingly-competitive battle for market share. There is no shortage of number-crunching following each release, but most of the analysis focuses on high level industry trends, such as month-over-month growth, cash inflows, and success of recent high-profile launches. A look beyond the handful of mega-tickers that account for the majority of assets often reveals some interesting trends. Buried in the February release (in line number 699 to be exact) were some interesting stats that may signal an exciting new era for actively-managed ETFs. One of the handful of active ETFs available to U.S. investors saw assets surge last month, and has been enjoying a jump in trading volumes ever since. The PowerShares Active AlphaQ Fund (PQY) saw cash inflows of $14 [...]

Click here to read the original article on ETFdb.com.

T. Rowe Price Plans Actively-Managed ETFs

Michael Johnston — Fri, 11 Dec 2009 07:00:53 +0000

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. T. Rowe Price is the latest in a now long line of mutual fund giants to jump over to the ETF industry. Vanguard was one of the earliest entrants into the space, and has become one of the most successful ETF issuers. The firm founded by Jack Bogle saw cash inflows of almost $5.5 billion in November, the most of any ETF issuer for the month. PIMCO and Charles Schwab have also made successful transitions into the ETF space: PIMCO now has nine fixed income ETFs (including two actively-managed [...]

Click here to read the original article on ETFdb.com.

The Definitive Guide To Real Estate ETFs: Real Estate ETF Investing 101

Michael Johnston — Wed, 25 Nov 2009 06:05:06 +0000

Once considered a vital “return enhancer” in almost every portfolio, real estate as an asset class has fallen out of favor with investors following its spectacular collapse during (and role in causing) the recent global economic downturn. Real estate was historically embraced because of its potential for delivering excess returns in bull property markets and low correlation with traditional stock and bond investments. But as default rates skyrocketed, values plummeted, and correlations went to 1.0, asset managers have sold off real property and reallocated investor portfolios to equities and fixed income. Despite its fall from grace, real estate is beginning to creep back into portfolios, as investors regain their appetite for risky assets (we include a small allocation to real estate in several of our All-ETF Model Portfolios). Real estate ETFs have seen cash inflows of more than $3 billion year-to-date, reflecting perhaps a preference for achieving diversified exposure within [...]

Click here to read the original article on ETFdb.com.

ETF Database » PSR

Are U.S. REIT ETFs A Buy In 2012?

Related Posts:

Tax Efficiency Report Card

Related Posts:

Complete List Of Active ETFs

Related Posts:

iShares Gets Active ETF Approval

Related Posts:

Seven Wildly Successful Active ETFs

Related Posts:

Three Active ETF Gamechangers

Related Posts:

Handicapping The Active ETF Race

Related Posts:

An Active ETF Gets Its Wings

Related Posts:

T. Rowe Price Plans Actively-Managed ETFs

Related Posts:

The Definitive Guide To Real Estate ETFs: Real Estate ETF Investing 101

Related Posts: