XLEI's 20% yield is a war premium with a cap
State Street's energy covered-call fund pays for its distribution by giving away upside, the same trade that left its tech sibling trailing its benchmark.
August 26
The Active Desk 6 stories this week · 58 total
T. Rowe Price Looks Beyond Chips for AI's Next Winners
Portfolio managers see the next AI beneficiaries in healthcare, robotics, financials, and industrials—a message built for the firm's active ETFs.
KORP, American Century's active corporate bond ETF, nears $1 billion
The American Century fund has stacked up nearly $200 million in six months, a sign that investors will pay 29 basis points for active credit management.
IAUI's play: gold income without bonds as 30-year yields hit 19-year high
ETF Trends pitches the gold-income fund as a way to collect income without bonds while 30-year Treasury yields sit at a 19-year high, and Neos shareholders weigh Goldman's acquisition.
ETF market splits into two camps over fees
A midyear FactSet report finds a 0.03% index-fund core and a growing minority paying up for active bond managers.
Bitwise's Trendwise ETFs swap long-only crypto for rotation
Three Bitwise futures funds now rotate between crypto and Treasuries on a moving-average rule, chasing better risk-adjusted returns.
TTEQ nearly doubles assets as investors pour in $189 million
Flows, not market gains, drove TTEQ to $429 million as investors paid up for active tech.
Guggenheim's GISC brings floating-rate structured credit to ETF allocators
ETF Trends argues GISC's 5.18% SEC yield and floating-rate book give fixed-income allocators a way to hold ground while the Fed decides.
T. Rowe Price's TMED makes the case for active sector ETFs
A 44-basis-point fee and a bottom-up, global mandate are beating the S&P health-care benchmark by wide margins.
FBCG tops $7 billion as investors pay up for stock-picking
The Fidelity blue-chip growth ETF has absorbed $1 billion this year, a sign active management is winning as the former Mag Seven breaks apart.
Tweedy, Browne makes its century-old value pitch to ETF investors
The firm behind Ben Graham's brokerage makes its case for value investing as active stock funds pull in cash.
Leveraged Treasury ETFs: a two-sided bet with a timing tax
Soft jobs data and a hawkish futures path frame the TYD/TYO trade; the daily objective rewards the nimble.
SpaceX's first public quarter backs Baron's one-stock ETF
The debut earnings report delivered the growth RONB's 30% position was built to capture.
FDFF's three-year record opens distribution doors
The active finance ETF's third birthday unlocks brokerage shelf space and a fresh test of its momentum.
Active ETFs now anchor 19% of institutional ETF assets in Europe
A Crisil Coalition Greenwich report finds a majority of European institutions and distributors use active ETFs and plan to add more.
Direxion's leveraged Treasury ETFs offer a two-horizon Fed trade
The 3x Treasury ETFs let traders bet on Fed direction, but the bigger question is how long to hold.
GPIQ crosses $5B as options-income flows keep rolling
A $2.5 billion inflow run and an October three-year milestone test whether call-writing ETFs hold their income audience.
Active stock funds take in $272.5 billion as dividend yields sink
The S&P 500's dividend yield has fallen to 1.08%, its lowest since July 2000, sending income-seeking investors into active equity and options-income strategies.