May 6th Actively managed exchange traded funds are finally getting some attention, as successful new products have recently launched. The fixed income category of active management has been able to acquire assets, setting momentum for this area of the market. “Although we estimate that actively managed ETFs represent roughly 5% of all the assets in U.S.-traded ETFs, we see interest on the rise, as evidenced by the number of such …
Absolute return funds look set to remain a popular choice among investors seeking security in volatile markets – with more money than ever forecast to flow into the sector this year. According to Fitch Ratings, the Ă‚ÂŁ23bn fund sector will continue to grow in 2012, in spite of disappointing performance in 2011. However, financial advisers are expressing concern over investors’ enthusiasm for these funds, and their understanding of the likely …
The exchange traded funds industry is poised for further growth in 2012 and beyond, according to a pair of reports published this week by Celent, the research consultancy, and Moody’s Investors Services, the ratings agency. New rules and regulations should be a net positive for the ETF industry, according to Moody’s ETF Industry Overview report, which said that the harmonisation of product labelling and increased disclosure and reporting was a …
April 27, 2012 Actively managed exchange-traded funds don’t account for a huge portion of the ETF universe, but that could be changing, and the New York Stock Exchange’s electronic venue Arca, where the majority of ETFs are listed, is banking on that being the case. According to Laura Morrison, head of U.S. ETP listing and trading for NYSE Euronext, actively managed ETFs have seen their assets grow 64 percent over …
April 26, 2012 State Street Global Advisors-First wave to focus on tactical allocation State Street Global Advisors, the second-largest provider exchange-traded products, unveiled its first actively managed ETFs on Thursday. The firm has launched three ETFs of ETFs that are tactically managed by SSgA’s Investment Solutions Group. “We’re at the beginning of a large bullish market for tactical-allocation products,” said Christopher Goolgasian, head of U.S. portfolio management at the unit, …
Ă‚Â April 11, 2012 The passive versus active fund management debate raged on recently as the most recent S&P Index Versus Active (SPIVA) report came out in March that stated that more than 84% of actively managed U.S. equity funds underperformed their S&P benchmark last year. Ignoring the obvious problem of using 1-year data to measure investment performance as well as the self-serving nature of the S&P report (licensing their indexes …
April 9thĂ‚Â 2012 The exchange traded fund industry has matured like a fine wine, getting better with age. However, the business has transformed in ways that were unseen back in 1993, when the first U.S. ETF launched. “The uses of ETFs have changed. It started as a strong institutional product but we are now seeing them being used by wealth managers as building blocks in portfolios,” Jim Ross, managing director …
Mon, Apr 9 2012 NEW YORK, April 9 Reuters – A funny thing happened on the way to the death of the traditional mutual fund, foretold by some analysts. It hasn’t happened. Instead, in the last two months, flows into equity exchange-traded funds (ETFs) have slowed, while flows into equity mutual funds have picked up. Just last December, the spread between the two was a whopping $46 billion in favor …
– Apr 26, 2012 State Street Corp. (STT), the second- largest manager of exchange-traded funds, opened three products that can spread money across a range of asset classes in a push into actively managed ETFs. The funds will use tactical asset-allocation strategies and invest in ETFs including those run by State Street, James Ross, senior managing director of State Street Global Advisors, the Boston-based company’s money-management unit, said today at …
Apr 24 2012 New research commissioned by KPMG and a hedge fund lobby group shows hedge funds have significantly outperformed equities, bonds and commodities over the last 17 years. The report—The Value of the Hedge Fund Industry to Investors, Markets and the Broader Economy—was done by the Centre for Hedge Fund Research at Imperial College in London at the behest of the international tax firm and the Alternative Investment Management …