Active ETFs: Next Big Thing for Fund Managers? | ETF Trends

Ever since the highly successful launch of the PIMCO Total Return ETF (NYSEArca: BOND), more and more exchange traded fund providers are clamoring to get in on this relatively untapped frontier.

ETF giants, like iShares, State Street Global Advisors and Invesco PowerShares, have evinced their interest in the actively managed space, reports Jackie Noblett for Ignites. Over the past month, six firms have filed for 23 different active ETFs. [Columbia Management Plans 17 New Active ETFs]

PIMCO’s BOND ETF is the most successful active ETF to have recently launched, garnering over $2 billion in assets since its March launch. Meanwhile, other notable active ETF additions include those provided by AdvisorShares,Huntington Asset Advisors and SSgA, among others. [ETF Spotlight: Actively Managed Funds]

Nevertheless, the active ETF space only included 54 funds with $7.6 billion in assets as of the end of July, up from $4.7 billion in January, according to Morningstar.

“I think it speaks to the fact that ETF providers are continuing to search for areas of growth,” Robert Goldsborough, an ETF analyst at Morningstar, said in the article.