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NEWSLETTER

Miami Skyline

Active ETFs enjoy their day in the sun

This week saw us bringing you a series of interviews from our time at the Exchange conference in Miami. The sun did feature, a welcome added extra for those of us facing heavy snow or rains when we returned home, but the key ETF subject of choice was active ETFs.

We bring you my interview with Sal Esposito of Zacks Investment Management, talking about their two first ETF products that enjoy an annual portfolio turnover of 25 per cent for ZECP and 100 per cent for SMIZ, focused on small to mid-cap stocks.

“It’s all based on our research and there are more opportunities and market anomalies in the small to mid-cap stocks,” Esposito explains.

We also spoke with Jeremy Senderowicz, partner at Vedder Price, who compared and contrasted the US regulatory framework for ETFs with Europe’s UCITS. “The UCITs structure allows the use of multiple share classes far beyond what is allowed in the US,” he says.

Final interview posted this week is with Graham Mackenzie, managing director, Exchange Traded Products, Toronto Stock Exchange, who commented on the Canadian regulatory framework which has contributed, he believes, to greater innovation in the ETF industry. “What is unique in Canada is that ETFs are governed by the same rule set as mutual funds so what can go into a mutual fund, can also go into an ETF,” he explains.

More from Miami next week… .

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

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Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs and mutual funds.
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in ETFs over the last 20 years.
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded Products, Toronto Stock Exchange, an exchange that has seen the ETF business for longer than anyone else, since the launch of that first product in 1990.

Global ETF Launches

Global Launches sponsored by STOXX
This week saw four non-North American launches, offering investors access to crypto, the Berkshire Portfolio, green bonds and a range of fixed income products.

US ETF Launches

US Launches sponsored by STOXX
There were 14 new ETF offerings launched in the US for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Canada ETF LAUNCHES

Canada Launches sponsored by STOXX
A summary of the Canadian ETF launches that occurred in February 2024.
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