“The SPDR SSGA Risk Aware ETF is targeted at providing investors an innovative solution for capitalizing on risk-on and risk-off fluctuations in the US equity market,” said Scott Ebner, senior managing director and global head of product development and research at State Street Global Advisors, in the statement. “Active quant strategies have been a core competency of SSGA’s institutional asset management and mutual fund businesses for decades, and RORO is the first active equity ETF managed by this SSGA investment team.”
The new ETF charges 0.5% per year.
Last week, actively managed ETFs eclipsed the $18 billion in combined assets management mark for the first time, according to AdvisorShares data.
Increased demand for actively managed ETFs and the potential for a more favorable regulatory environment could make actively managed ETFs a $500 billion asset class by 2020, according to a new report by SEI Investments. [Rapid Growth Seen for Actively Managed ETFs]
ETF Trends editorial team contributed to this post.