Not a lot of changes in the active ETF space last week. We might normally start to see some tax lot adjustments, but probably not much this year as there are gains as far as the eye can see! The only item of note is that there are now 67 actively managed ETFs with Franklin now offering a new active ETF. Welcome to the family Franklin! We expect to see a big push in the active ETF growth going into year end, which should be setting up an interesting 2014 for new active ETF product development.
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There are risks involved with investing in ETFs including possible loss of money. Shares are actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 shares.