SEC Gets One Right Putting Kibosh On Nontransparent ETFs

Nontransparent ETFs would be detrimental to ETF investors.  Nontransparent ETFs fly in the face of the primary tenets of what constitutes an ETF.  Nontransparent ETFs are not in the public interest. Earlier this week, the SEC struck down a request that would have allowed ETFs to keep their holdings... 

AdvisorShares Introduces The First Actively Managed International Bear ETF

A recent Wall Street Journal article suggested there were enough ETFs in the world and all major investment bases were covered.  I might tend to agree with that conclusion when it comes to long-only cap-weighted strategies.  However, in the world of actively managed short-selling funds, the field is... 

PHDG: Stocks, VIX, Active Management, and Indexing In One ETF

The PowerShares S&P 500 Downside Hedged Portfolio (PHDG) was launched December 6, becoming the first ETF to be both actively managed and indexed.  The fund uses an absolute return strategy that seeks to achieve positive returns in rising or falling markets not directly correlated to equity or bond... 

QEH: Another Hedge Fund Replication Attempt

AdvisorShares QAM Equity Hedge ETF (QEH) hit the tape on August 8, 2012.  The actively managed fund-of-funds will try to beat long/short equity hedge fund performance, while trying to replicate the characteristics of the benchmark HFRI Equity Hedge Total Index. The QEH portfolio is directed by Kurt... 

Russell Makes Strategic Retreat From Index ETF Biz

Russell Investments announced on August 17 the mass closure of 25 ETFs with combined assets exceeding $300 million.   The only survivor will be Russell Equity ETF (ONEF), which also happens to be the only actively-managed ETF on the menu.  The decision looks to us like a strategic move to refocus... 

Huntington Launches Actively Managed Sector Rotation ETF

Ohio-based Huntington Bancshares (HBAN) launched its second StrategyShares ETF on 7/23/2012, the Huntington US Equity Rotation Strategy ETF (HUSE).  This actively managed ETF will weight exposure to domestic sectors based on management’s outlook for capital appreciation (HUSE overview). The HUSE... 

Active ETFs Continue to Struggle: PQZ and PQY Close

The two oldest actively-managed ETFs are no longer with us.  September 30, 2011 marked the last day of trading for PowerShares Active Alpha Multi-Cap (PQZ) and PowerShares Active AlphaQ (PQY).  Both were launched on April 11, 2008.  Their demise clearly illustrates the obstacles facing all actively-managed... 

AdvisorShares Launches Four New Actively Managed ETFs

Last week AdvisorShares introduced four new actively managed ETFs from two different managers.  Madrona Funds, LLC is the sub-advisor and portfolio manager of three new “Madrona Forward” ETFs while American Wealth Management is the sub-advisor and portfolio manager for the “Meidell Tactical”... 

PowerShares and DB Team Up On New Foreign Bond ETNs

Invesco PowerShares and Deutsche Bank last week (3/23/2011) announced the first family of single-country sovereign debt ETNs.  Six new exchange-traded notes (“ETNs”) offer long exposure to German, Italian, and Japanese bonds.  Each country has a unleveraged ETN as well as a 3x leveraged version. ETNs... 

Assets In New WisdomTree ETF Instantly Surpass Majority Of Existing Products

WisdomTree (WSDT) last Thursday (3/17/11) introduced WisdomTree Asia Local Debt Fund (ALD), a new actively-managed ETF targeting Asia Pacific ex-Japan local currency debt.  WisdomTree provides surprisingly little information on the fund, but somehow managed to accumulate a massive $145 million in assets... 

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