ONEF is an actively-managed ETF that is a fund of funds looking to achieve long-term capital appreciation by investing at least 80% of its assets in the shares of other ETFs. The underlying ETFs that the fund invests in can be holding companies of any size in both developed and emerging markets. There is restriction on how much of the portfolio may be invested in foreign companies.
Upcoming
GRV is an actively-managed ETF planned by AdvisorShares that looks to beat the MSCI World Index while have little correlation with the index. The fund takes operates by taking long and short positions in ETFs representing different sectors, regions, countries and styles, in order to benefit from relative outperformance.
AADR is an Active ETF planned by AdvisorShares that invests in a portfolio of ETFs, ADRs of foreign companies and in swap contracts in order to beat its benchmarks – the BNY Mellon Classic ADR Index and the MSCI EAFE Index. The fund looks to gain exposure to leading non-US companies that strong management teams and business strategies. The fund’s sub-advisor, WCM Investment Management, identifies sectors and industries that are most likely to benefit from global economic trends.
First Trust has filed for two new Active ETFs, the first of which is the First Trust Developed International Markets AlphaDEX Fund and the second is called the First Trust Emerging Markets AlphaDEX Fund. Both of these products utilize the fund’s AlphaDEX methodology which involves selecting the highest ranking securities according to a proprietary quantitative model.
PPRM invests at least 65% of its assets in US$ fixed income securities that mature within 397 days. Alternatively, the fund may invest in US government agency securities which mature in less than 2 years. PPRM looks to maximize current income while preserving capital and liquidity and the average duration of the portfolio does not exceed 90 days. The fund invests mainly securities rated higher than A by Moody’s.
GOVY tries to achieve maximum current income without compromising on capital preservation and liquidity. It invests 80% (under normal conditions) of its fund in debt securities issued or guaranteed by the US government, its agencies or government-sponsored enterprises (GSEs). However, un-invested assets may be placed in other investment grade US$, fixed-income securities from US issuers, that are rated Aa or higher by Moody’s. GOVY can only invest in securities which mature in less than 2 years and on average the portfolio duration will not exceed 1 year.
