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...
HDGE: The First Actively-Managed Short Selling ETF
Retail investors seeking an actively-managed short selling solution have traditionally had very few choices. The menu expanded last Thursday (1/27/11) with the introduction of AdvisorShares Active Bear ETF (HDGE), the first actively-managed short selling fund in an ETF format. HDGE seeks capital appreciation...
WisdomTree Launches S&P DTI Index ETF
Nearly four years ago, Rydex|SGI Managed Futures Strategy (RYMFX), a fund designed to track the S&P Diversified Trends Indicator (S&P DTI Index) arrived on the scene. Earlier this week (1/5/11), WisdomTree launched the first ETF to target the S&P DTI – WisdomTree Managed Futures Strategy...
HYLD: The First Actively Managed High Yield ETF
AdvisorShares Peritus High Yield ETF (HYLD) began trading 12/01/2010, becoming the first actively managed ETF offering exposure to high yield corporate bonds (also known as junk bonds). Its objective is to generate high current income with a secondary goal of capital appreciation. Timothy Gramatovich...
GTAA: ETF Version Of The Ivy Portfolio
AdvisorShares Cambria Global Tactical ETF (GTAA), an actively-managed absolute return fund of funds (ETF of ETFs), began trading yesterday (10/26/2010). The sponsor hopes to preserve and grow capital by producing absolute returns with reduced volatility and drawdowns. GTAA is relatively expensive as...
CCX: New Actively-Managed Commodity Currency ETF
WisdomTree Dreyfus Commodity Currency Fund (CCX) began trading last Friday (9/24/10). It is an actively-managed ETF designed to provide broad-based exposure to money market rates and currency movements of selected commodity-producing countries across major export groups and geographic regions. According...
PIMCO Introduces BABs and Corporate Bond ETFs
PIMCO introduced two new ETFs on September 21, 2010: PIMCO Build America Bond Strategy Fund (BABZ), the first actively-managed BABs ETF, and PIMCO Investment Grade Corporate Bond Index Fund (CORP). The new listings boost PIMCO’s ETF offerings to twelve, consisting of four actively-managed and eight...
