The Next Best Thing: Acquiring Your Way Into Active ETFs

Shishir Nigam submits: Russell Investments has wasted no time in making full use of its acquisition of U.S. One Inc. as it filed for three new actively-managed ETFs on February 2, which will be series of U.S. One Trust. Paul Hrabal, President of U.S. One, entered into an agreement with Russell on Jan.

Shishir Nigam submits: Interest in the Active ETF space from fund companies is not lacking. There are now in excess of 25 companies who have filings with the SEC to launch actively-managed ETFs in the US. And these are not just small shops looking to experiment in a new space, these are big financial players like BlackRock iShares, JP Morgan, State Street, John Hancock and T. Rowe Price who have shown their clear interest by applying for exemptive relief to launch Active ETFs.

Shishir Nigam submits: More and more mutual fund players are starting to get interested in the Actively-Managed ETF space, but with the SEC reconsidering its moves before granting exemptive relief to new issuers, companies will be looking for ways to skip the line and jump-start their Activ

Shishir Nigam submits: State Street Global Advisors (SSgA) is the latest to amend its application for actively-managed ETFs with the SEC to remove the usage of derivatives from the portfolio management process. SSgA first made the original filing with the SEC to launch actively-managed ETFs in Sept. 2009, more than a year ago.

Shishir Nigam submits: U.S. One Inc, whose N1-A filing with the SEC to launch an Actively-Mananged ETF of ETFs we had previously discussed, today launched its first ETF product called One Fund (ONEF) which will be listed on the NYSE.

Shishir Nigam submits: Patricia Oey at Morningstar brought attention to a recent SEC filing made by Claymore on July 22nd. The filing contains the prospectus for two actively-managed ETFs which are going to come into being when two existing passive ETFs are converted into active ETFs.

Shishir Nigam submits: The prospect of converting existing mutual funds into actively-managed ETFs was first brought up for discussion by Bill Thomas, CEO of Grail Advisors, who in an interview with ActiveETFs | InFocus provided more insight on the value proposition behind the conversion of a mutual fund into an ETF structure.

Shishir Nigam submits: On March 17, Russell Investments made a filing with the SEC requesting to withdraw its application for fund relief necessary to launch actively-managed ETFs through the Russell ETF Trust. This application was first filed with the SEC in January 2010 and Russell became one of the many issuers that didn’t see much progress on its application.