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...
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. ...
