Posts Tagged ‘Charles Schwab & Co’

Actively Managed ETFs Beckon Managers

August 13, 2010

Chidem Kurdas

Will hedge fund managers run exchange-traded funds? That question arises as ETFs spread to a variety of strategies and demonstrate growth potential. Total assets are at $793 billion after a net inflow of $105.4 billion in the past 12 months, according to Morningstar.

ETFs are migrating to active management, says Sue Thompson, managing director at iShares, one of the largest ETF providers. To what extent this takes assets away from mutual funds is uncertain. There is a move to active ETFs but you don’t see people leaving mutual funds so much, said Peter Crawford, senior vice president at Charles Schwab & Co., at a briefing organized by Schwab.

For hedge fund managers, ETFs have a major drawback.  (more…)

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