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:
Columbia AMT-Free Muni Target 2015 ETF, Columbia AMT-Free Muni Target 2016 ETF, Columbia AMT-Free Muni Target 2017 ETF, Columbia AMT-Free Muni Target 2018 ETF, and Columbia AMT-Free Muni Target 2019 ETF will track bonds and other fixed-income securities that pay interest exempt from federal income tax that mature between June 1 and August 31 of their respective years.
Columbia Dividend Income ETF. This fund will track income producing equities, consisting primarily of common stocks, along with preferred stocks and convertible securities.
Columbia Emerging Markets Equity ETF. This ETF will follow companies located in emerging market countries.
Columbia Pacific/Asia Equity ETF. The fund holds stocks of companies located in Asia and the Pacific Basin.
Columbia Small/Mid Cap Growth ETF. The fund holds companies with market capitalizations in the range of companies in the Russell 2500 Growth Index and invest up to 20% of its total assets in foreign securities.
Columbia Tax-Exempt ETF. The ETF will invest the majority of its assets in bonds that pay interest exempt from federal income tax issued and may also hold up to 20% of its assets in interest subject to federal income tax.
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.