News
SSgA Puts 6 Active ETFs In Pipeline
December 27, 2012
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State Street Global Advisors, the second-largest ETF provider by assets, filed paperwork with U.S. regulators to market six actively managed equities ETFs, serving up size- and style-focused opportunities for investors looking to capture capital appreciation. The two separate filings amount to SSgA’s increasing effort to expand its footprint in the active ETFs space, a segment that still represents only a minor fragment of the total $1.3-plus trillion in total U.S.-listed ETF assets. Many analysts and market participants say that the next wave of growth in the 20-year-old, mostly passive, ETF industry might very well come from actively managed strategies. In one filing, SSgA detailed plans for three value and growth plays on the broad U.S. equities market that will generally be focused on larger-cap names. They include:
Separately, the risk-focused plays look to generate returns that are competitive with broad-market returns, the second filing said.
“Due to ongoing market fluctuations, the Adviser believes the resulting ebbing and flowing of risk preferences give this strategy the potential to provide competitive returns relative to the Russell 3000 Index over the long term,” the firm said in the latter filing. SSgA Funds Management is the advisor for the fund.
SSgA, which is behind the SPDR S&P 500 ETF (NYSEArca: SPY)—the world’s largest ETF with more than $100 billion in assets, launched its first actively managed ETFs in April, but has since put others in registration. No tickers or planned fees were disclosed in either filing. |
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