TY - JOUR T1 - Actively Managed Exchange-Traded Funds JF - The Journal of Index Investing SP - 90 LP - 94 DO - 10.3905/jii.2010.1.1.090 VL - 1 IS - 1 AU - Phil Masterson AU - Sue Wilchusky Y1 - 2010/05/31 UR - https://pm-research.com/content/1/1/90.abstract N2 - ETF assets have steadily grown worldwide from $310 billion in 2004 to $815.2 billion as of March 31, 2010, gathering over $100 billion in each of the last three years, which included the upheaval of 2008 and early 2009. In the United States, ETF assets grew at a compound annual growth rate of over 30% from 2000 to 2009. This growth has attracted start-up managers who are launching niche ETFs, as well as some of the industry’s most well-known managers with significant assets under management, who are incorporating ETFs into their diverse product lineups. ETFs also have a history of product innovation, and this article explores the latest innovation: actively managed ETFs. The article outlines the key features of ETFs, describes the current ETF classifications, addresses whether a mutual fund can convert to an ETF, discusses the active ETFs currently available, and analyzes the impediments to widespread adoption of active ETFs.TOPICS: Exchange-traded funds and applications, passive strategies, portfolio theory ER -