Grail and RiverPark To Liquidate Two ETFs (RPQ and RFF)
“By all appearances, the marketplace is not ready for these sector funds” stated the August 20 press release from Grail Advisors. It’s refreshing to see an honest statement on a subject that often falls victim to the spin machines. Shareholders of Grail RP Technology ETF (RPQ) or Grail RP Financials...
ELD: Emerging Markets Local Debt, Active Edition
Yesterday (8/9/10) WisdomTree made a little bit of a splash with the launch of WisdomTree Emerging Markets Local Debt Fund (ELD). We call it a “splash” because the firm apparently lined up some big buyers even before the new ETF hit the tape. Assets are already at $125 million. ELD is very...
AADR: Actively Managed International ETF
AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (AADR) began trading July 21, 2010. Its objective is long-term capital appreciation that beats international benchmarks by focusing on high-quality, large-cap, non-U.S. companies via American Depositary Receipts (ADRs). This is the third actively-managed...
GRV: Actively-Managed Absolute Return Long/Short ETF of ETFs With Broker Incentives
AdvisorShares Mars Hill Global Relative Value ETF (GRV) began trading last Friday (7/09/2010). The new ETF has a primary objective of generating consistent positive returns in excess of the average annual return of the MSCI World Index – GRV is an absolute return fund. The fund’s sub-advisor, Mars...
New Sponsor U.S. One Enters the ETF Ring Unprepared
U.S. One, Inc., a new ETF sponsor and fund manager, today (5/11/10) launched its first ETF product: One Fund ETF (ONEF). ONEF intends to provide pure asset class exposure to equities through a diversified portfolio covering 95% of global equity markets. Its holdings will represent more than 5,000...
Barron’s Talks with Ron Rowland About Actively-Managed ETFs
Barron’s interviewed me for an article dated Monday April 12, 2010 about the growth of actively-managed ETFs. Mike Hogan’s article, Passive Management Flashes an Aggressive Side (subscription required), includes additional insights from Scott Burns of Morningstar and David Rolfe of Wedgewood Partners. ...
Complete List of 27 Actively Managed ETFs
ETFs first arrived on the US market in 1993. Actively managed ETFs did not arrive until 15 years later in 2008. Actively managed ETFs will celebrate their second birthday later this week on March 25, 2010. As of today, there have been a total of 27 actively managed ETFs launched in the US. The first...
PIMCO Adds Short-Term Munis to ETF Menu: SMMU
Fixed-income giant PIMCO launched its third actively-managed ETF on Wednesday (2/3/2010) of this week. PIMCO Short Term Municipal Bond Strategy Fund (SMMU) targets the short end of the tax-free muni bond space. Maturity of the fund’s holdings will be in the one-year to three-year range. Intentionally...
GMMB, GMTB: New Grail Active Bond ETFs Now Available
Grail Advisors took another stab at the actively-managed ETF space with the launch on January 29 of Grail McDonnell Intermediate Municipal Bond ETF (GMMB) and Grail McDonnell Core Taxable Bond ETF (GMTB) on the NYSE. Both had very light volume in their first public session. Actively-managed exchange-traded...
MINT: A Conservative Way to Stash Cash
Investors are often conditioned to believe that cash is king, or that it is at least a good idea to keep some of your assets in cash to preserve your portfolio’s liquidity. After all, emergencies and unforeseen expenses happen. While this all makes sense, most cash investments offer meager rates...
