Actively managed exchange-traded funds crossed the $10 billion mark in 2012, according to new research.
Cerulli Associates, Boston, discloses this finding in the February 2013 edition of “The Cerulli Edge: U.S. Monthly Product Trends.” The report covers trends respecting retail mutual funds and ETFs, including assets under management and flows across asset classes.
The report concludes that active ETF assets under management hit $10.5 billion in 2012, the PIMCO Total Return ETF accounting for the largest share by ETF. Other active ETFs collectively accounted for $6.6 billion in assets in 2012.
The latter compares with $5.2 billion, $3 billion and $1.1 billion respectively, in other actively managed ETFs in 2011, 2010 and 2009.
The number of actively managed ETFs in 2012 totaled 51, the report states. Active equity ETFs accounted for 29 of the total, followed by active fixed-income ETFs at 18 and active money market ETFs at 4.