The Actively Managed ETF Landscape
May 9th, 2013 at 12:30pm by Tom Lydon
While still only accounting for a fraction of the overall exchange traded fund space, actively managed funds have been quickly attracting new assets.
According to AdvisorShares, actively managed U.S.-listed ETFs saw $3.6 billion in new asset inflows year-to-date through April 30, bringing active ETFs to $14.1 billion in assets under management. [Active ETFs are ‘New Distribution Channel’ for Money Managers]
“Many traditional active asset managers have expressed an interest and have made filings with the Securities and Exchange Commission to launch active ETFs,” Deborah Fuhr, Partner and Founder of ETFGI, said in a CNBC article. “It is likely that we will see new asset managers enter the ETF industry offering new types of strategies as active ETFs in 2013.”
There are 61 actively managed U.S.-listed ETFs. So far this year, 8 new actively managed ETFs were launched. [Growing Interest for Actively Managed ETFs: SEI Report]
Leading the top of the active ETF list was the PIMCO Total Return ETF (NYSEArca: BOND), with $1.3 billion in new inflows so far this year, followed by $586 million in PIMCO Enhanced Short Duration ETF (NYSEArca: MINT), $478.9 million in WisdomTree Emerging Markets Local Debts Fund (NYSEArc: ELD) and $212.7 million into the First Trust North American Energy Infrastructure Fund (NYSEArca: EMLP).
On the other hand, actively managed ETFs with the highest outflows year-to-date include the WisdomTree Dreyfus Chinese Yuan (NYSEArca: CYB), WisdomTree Dreyfus Brazilian Real Fund (NYSEArca: BZF) and PIMCO Build America Bond Strategy (NYSEArca: BABZ).
PIMCO currently dominates the active ETF space, accounting for 59.8% of overall market share, compared to next 24.9% of WisdomTree and 5.8% of AdvisorShares. Consequently, fixed-income strategies, including global bonds and foreign bonds, by assets make up 78% of the overall active ETF space.
For more information on active funds, visit our actively managed ETFs category.
Max Chen contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.