The exchange traded fund universe has thoroughly covered basic indexing methodologies, and now, the new actively managed ETF space looks like the industry’s new frontier. For instance, Columbia Management Investment Advisers registered preliminary filings last week with the Securities and Exchange Commission to market 17 new active ETFs.
According to this filing, seven proposed actively managed funds include:
Columbia Emerging Markets Bond ETF. No specific details were provided.
Columbia European Equity ETF. The fund will hold equity securities of European companies, such as common stocks, preferred stocks, securities converitible into U.S. common stocks, U.S. dollar-denominated American Depositary Receipts (ADRs), and U.S. dollar-denominated foreign stocks traded on U.S. exchanges.
Columbia International Equity ETF. No specific details were provided.
Columbia Limited Duration Credit ETF. The fund will hold corporate bonds, specifically in debt securities with short- and intermediate-term maturities. Up to 15% of holdings may be below investment grade and up to 25% may be invested in foreign investments.
Columbia Short Term Bond ETF. The fund will hold debt securities issued by the U.S. Government and its agencies and instrumentalities, debt securities issued by corporations, mortgage- and other asset-backed securities, and dollar-denominated securities issued by foreign governments, companies, private issuers or other entities.
Columbia Small/Mid Cap Value ETF. The fund will track companies in the Russell 2500 Value Index. The managers will identify companies that are undervalued and have the potential for long-term growth. Holdings may include foreign securities and real estate investment trusts.
Columbia U.S. Government Mortgage ETF. The ETF will follow mortgage-related securities issued or guaranteed as to principal and interest by the U.S. government, its agencies, authorities or instrumentalities.
In a separate filing, the 10 other active ETF proposals include: