Despite receiving a Wells Notice from the Securities and Exchange Commission, F-Squared Investments has maintained its top position in the ETF managed portfolios space. The company’s 25 strategies only saw about $550 million in outflows and ended the quarter with $25.1 billion in assets. However, the firm experienced a shift in management mid-Nov. after the CEO stepped down. [Changes at the top at F-Squared]
Windhaven Investment Management, a unit of Charles Schwab and second largest company in the space, held $17.8 billion in assets. Good Harbor Financial, the third largest provider, held $6.1 billion in assets. The top three firms held about half of all assets in ETF managed portfolios as of the end of September.
For more information on the ETF industry, visit our current affairs category.
Financial advisors who are interested in learning more about ETF managed portfolios and their strategies can visit the recent ETF Strategist Virtual Summit and view panels on demand.