Although some of the largest asset managers and mutual fund issuers have filed plans with regulators to roll out actively managed ETFs, in many cases, those funds have not seen the light of day. In what appears to be a growing trend, some asset managers that have previously not been directly involved in ETFs but find the industry’s exponential growth too compelling to ignore are partnering with established ETF providers.
SSgA has previously partnered with Nuveen and Blackstone on bond ETFs. On Wednesday, Emerging Global Advisors, the New York-based exchange traded funds issuer known for its lineup of emerging markets funds, teamed with Los Angeles-based asset management firm TCW to introduce three new emerging markets bond funds. [EGShares, TCW Partner on Three New ETFs]
SSgA has had some success with actively managed ETFs, namely with the SPDR Blackstone/GSO Senior Loan ETF (NYSEArca: SRLN). With $600.5 million in assets under management, SRLN is not only one of the most successful actively managed ETFs, but one of 2013’s most successful launches. [2013: A Good Year to be a New ETF]
ETF Trends editorial team contributed to this post.