Ironically, one of the largest active ETFs is PIMCO Enhanced Short Maturity Strategy Fund (NYSEArca: MINT), which is a cash-substitute ETF. MINT has become the first actively managed ETF to break the $1 billion milestone. [PIMCO’s ETF hits $1 Billion With Active Success.]
Active ETF assets in the U.S. were up 20% as of March 2011, rising over the $4 billion mark, reports Shishir Nigam on Daily Markets.
Eaton Vance has been approved to start launching actively managed ETFs, Ignites reported Tuesday.
Tisha Guerrero contributed to this article.