PowerShares Active AlphaQ: An Active ETF Gets Its Wings
Tuesday, March 16th, 2010Michael Johnston submits:
The monthly data release of ETF trading data from the National Stock Exchange always provides a comprehensive industry snapshot, detailing fund flows, asset levels, and the latest update on an increasingly-competitive battle for market share. There is no shortage of number-crunching following each release, but most of the analysis focuses on high level industry trends, such as month-over-month growth, cash inflows, and success of recent high-profile launches.
A look beyond the handful of mega-tickers that account for the majority of assets often reveals some interesting trends. Buried in the February release (in line number 699 to be exact) were some interesting stats that may signal an exciting new era for actively-managed ETFs. One of the handful of active ETFs available to U.S. investors saw assets surge last month, and has been enjoying a jump in trading volumes ever since. The PowerShares Active AlphaQ Fund (PQY) saw cash inflows of $14 million in February, increasing total assets under management by more than 400% from the previous month.
