ETFs first arrived on the US market in 1993. Actively managed ETFs did not arrive until 15 years later in 2008. Actively managed ETFs will celebrate their second birthday later this week on March 25, 2010.
As of today, there have been a total of 27 actively managed ETFs launched in the US. The first one was Bear Stearns Current Yield (former ticker YYY), which also has the dubious distinction of being the first actively managed ETF to be delisted, barely six months after its launch.
Later this week on March 24, WisdomTree US Short-Term Government Income (USY) will become the second actively managed ETF to be delisted. Unless there are some additional launches this week, there will be a total of 25 actively managed ETFs trading on Thursday for the two-year industry birthday celebration.
So far, 2008 saw the most launches of actively managed ETFs with 14 new funds. Looking at the data by type of fund reveals that equity and currency strategies have been the most popular with nine each. There have been seven actively managed bond ETFs and two multi-asset funds.
The table below lists all 27 actively managed ETFs sorted by launch date.
Actively Managed ETFs - March 2010
|1||YYY||Bear Stearns Current Yield||Bond||03/25/08||10/01/08|
|2||PQY||PowerShares Active AlphaQ||Equity||04/11/08|
|3||PQZ||PowerShares Active Alpha Multi-Cap||Equity||04/11/08|
|4||PLK||PowerShares Active Low Duration||Bond||04/14/08|
|5||PMA||PowerShares Active Mega-Cap Portfolio||Equity||04/14/08|
|6||CYB||WisdomTree Dreyfus Chinese Yuan||Currency||05/14/08|
|7||BZF||WisdomTree Dreyfus Brazilian Real||Currency||05/14/08|
|8||ICN||WisdomTree Dreyfus Indian Rupe||Currency||05/14/08|
|9||EU||WisdomTree Dreyfus Euro||Currency||05/14/08|
|10||USY||WisdomTree U.S. Short-Term Govt Income||Currency||05/20/08||03/24/10|
|11||JYF||WisdomTree Dreyfus Japan Yen||Currency||05/21/08|
|12||BNZ||WisdomTree Dreyfus New Zealand Dollar||Currency||06/25/08|
|13||SZR||WisdomTree Dreyfus S. African Rand||Currency||06/25/08|
|14||PSR||PowerShares Active U.S. Real Estate Fund||Equity||11/20/08|
|15||GVT||Grail American Beacon Large Cap Value||Equity||05/04/09|
|16||CEW||WisdomTree Dreyfus Emerging Currency||Currency||05/06/09|
|17||DENT||Dent Tactical ETF||Multi-Asset||09/16/09|
|18||RFF||Grail RP Financials ETF||Equity||10/02/09|
|19||RWG||Grail RP Focused Large Cap Growth ETF||Equity||10/02/09|
|20||RPX||Grail RP Growth ETF||Equity||10/02/09|
|21||RPQ||Grail RP Technology ETF||Equity||10/02/09|
|22||ALT||iShares Diversified Alternative Trust||Multi-Asset||11/16/09|
|23||MINT||PIMCO Enhanced Short Maturity Strategy||Bond||11/17/09|
|24||MUNI||PIMCO Intermediate Muni Bond Strategy||Bond||12/01/09|
|25||GMTB||Grail McDonnell Core Taxable Bond ETF||Bond||01/29/10|
|26||GMMB||Grail McDonnell Intermediate Municipal Bnd||Bond||01/29/10|
|27||SMMU||PIMCO Short Term Municipal Bond Strategy||Bond||02/03/10|
Disclosure: No positions in any of the securities mentioned.