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  What’s Behind the Rise of Actively-Managed ETFs?
Posted Under: ETFs
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Historically, the exchange-traded fund ("ETF") industry has been dominated by passively-managed (passive) investments, but over the past few years, actively-managed (active) ETFs have gained a foothold. One catalyst for this turn of events was the Securities and Exchange Commission’s (“SEC”) adoption of a new regulatory framework in 2019 (the “ETF Rule”), which made it easier for fund managers to launch active ETFs. However, this doesn’t explain the increase in demand for these ETFs, which occurred even as active open-end funds faced massive redemptions. We discuss some of the factors that we believe have led to increased adoption of active ETFs, highlighting why we believe this trend is still in its early stages.

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Posted on Tuesday, May 21, 2024 @ 10:20 AM • Post Link Print this post Printer Friendly
  A Recession is Still Likely…But Here’s Why We Could Be Wrong
Posted Under: Podcast

 

Description: Brian Wesbury joins the ROI Podcast for a wide ranging discussion about the state of the US economy, why government spending suppresses growth, and what factors could ultimately prevent an economic recession.

Posted on Monday, May 20, 2024 @ 7:51 AM • Post Link Print this post Printer Friendly
  Asset Flows Monitor May 2024 Edition
Posted Under: ETFs
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  • Net inflows for US-listed ETFs totaled $35.0 billion in April, bringing total ETF assets under management to $8.55 trillion.

  • Equity ETFs had net inflows totaling $15.1 billion in April, bringing trailing 12-months (TTM) net inflows to $511.3 billion. Active equity ETFs accounted for $11.1 billion in net inflows in April, compared to $4.0 billion in net inflows for passive equity ETFs. Total AUM in actively managed equity ETFs was $380.3 billion, accounting for 5.6% of all equity ETF assets ($6.81 trillion), as of 4/30/24.

  • Fixed income ETFs had net inflows totaling $16.5 billion in April, bringing TTM net inflows to $202.4 billion. Active fixed income ETFs accounted for $9.7 billion in net inflows in April, compared to $6.8 billion in net inflows for passive fixed income ETFs. Total AUM in actively managed fixed income ETFs were $202.7 billion, accounting for 13.2% of all fixed income ETF assets ($1.54 trillion), as of 4/30/24.

  • Commodities ETFs had net inflows totaling $0.8 billion in April, bringing TTM net outflows to $13.6 billion. Broad commodities ETFs (+$0.6 billion) was the strongest commodity sub-category in April.

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Posted on Wednesday, May 8, 2024 @ 9:51 AM • Post Link Print this post Printer Friendly
  Will the Stock Market Continue to Defy Expectations?
Posted Under: Podcast

 

In this episode, Dave McGarel, Chief Investment Officer at First Trust shares his perspective on the risks and opportunities that may lie ahead for equities.  Dave shares why First Trust believes low volatility stocks are growing more attractive, why the technology sector has been the secular growth story of our lifetimes, and which data points investment professional should pay close attention to for the rest of 2024.

Posted on Monday, May 6, 2024 @ 8:53 AM • Post Link Print this post Printer Friendly
  Market Minute - May 2024
Posted Under: Market Minute

“Sell in May and go away” is an old Wall Street adage you will be hearing a lot in the coming weeks. While we have never advocated timing the market, it is certainly rational to be nervous about the continued upward trajectory of US equities after the 21% increase over the last 6 months as of 4/30/24 in the S&P 500 Index including the 6% year-to-date (YTD) increase. This is especially true considering valuations are stretched, the Federal Reserve (Fed) is attempting to be restrictive, inflation is proving tough to tame and market leadership is heavily concentrated. Geopolitical worries in Russia and the Middle East along with the looming US election add further to investor angst.

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Posted on Friday, May 3, 2024 @ 10:34 AM • Post Link Print this post Printer Friendly
  Rethinking Diversification: Are Stocks and Bonds Enough?
Posted Under: Podcast

 

In this episode, we explore why more and more investment professionals are allocating to call-writing funds, long/short strategies, and commodities.

Posted on Sunday, April 21, 2024 @ 9:09 AM • Post Link Print this post Printer Friendly
  Navigating a Narrow Market…Are There Opportunities Outside of the Magnificent 7?
Posted Under: Podcast

 

Ryan discusses factor investing with Chris Bush, portfolio manager at First Trust, as well as risk and opportunities for various industries and themes, including artificial intelligence, regional banks, and more.

Posted on Sunday, April 7, 2024 @ 11:08 AM • Post Link Print this post Printer Friendly
  Asset Flows Monitor April 2024 Edition
Posted Under: ETFs
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  • Net inflows for US-listed ETFs totaled $112.4 billion in March, bringing total ETF assets under management to $8.73 trillion.
  • Equity ETFs had net inflows totaling $81.7 billion in March, bringing trailing 12-months (TTM) net inflows to $523.2 billion. Active equity ETFs accounted for $20.2 billion in net inflows in March, compared to $61.5 billion in net inflows for passive equity ETFs. Total AUM in actively managed equity ETFs was $400.9 billion, accounting for 5.7% of all equity ETF assets ($6.98 trillion), as of 3/31/24.
  • Fixed income ETFs had net inflows totaling $18.2 billion in March, bringing TTM net inflows to $202.4 billion. Active fixed income ETFs accounted for $7.0 billion in net inflows in March, compared to $11.2 billion in net inflows for passive fixed income ETFs. Total AUM in actively managed fixed income ETFs were $194.9 billion, accounting for 12.6% of all fixed income ETF assets ($1.55 trillion), as of 3/31/24.
  • Commodities ETFs had net inflows totaling $0.5 billion in March, bringing TTM net outflows to $14.2 billion. Precious metals ETFs (+$0.3 billion) was the strongest commodity sub-category in March.

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Posted on Friday, April 5, 2024 @ 3:18 PM • Post Link Print this post Printer Friendly
  Market Minute - April 2024
Posted Under: Market Minute

In a market that has been driven significantly by momentum and speculation this year, investors still have an eye on what matters in the end. Earnings! And if that focus continues, future earnings forecasts suggest a further broadening of the market is in order. The performance of the Magnificent 7 stocks in 2023 was stunning. The basket accounted for 58% of the 26.23% gain in the S&P 500 Index and the 7 stocks increased by an average of 76% for the year. Earnings growth for the Magnificent 7 was incredible for several reasons. NVIDIA had a massive increase in profits as a result of its Artificial Intelligence (AI) semiconductor chips. Apple, Google, and Microsoft had solid earnings growth, although Tesla saw earnings decline. The real earnings stars though were Meta and Amazon. Both saw huge earnings increases in 2023 as a result of significant cost cutting and easy comparisons to the disastrous earnings both companies reported for 2022. Meta increased earnings by nearly 70% in 2023 after seeing a 37% decline in earnings the prior year. Amazon actually lost money in 2022 after earning over $30 billion in 2021. This past year they again earned over $30 billion. Both companies rebounded and earnings growth was off the charts compared to 2022 declines.

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Posted on Monday, April 1, 2024 @ 3:13 PM • Post Link Print this post Printer Friendly
  How Can Technical Analysis Guide Portfolio Allocations?
Posted Under: Podcast

 

In this episode, Ryan is joined by Jay Gragnani, Senior Market Strategist at Nasdaq Dorsey Wright for a discussion about how financial professionals are utilizing technical analysis and Dorsey Wright’s research as an objective input for their decision-making process.

Posted on Monday, March 25, 2024 @ 8:18 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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 PREVIOUS POSTS
Has the Balance between Potential Risks and Returns Shifted in Favor of Bond Investors?
Market Minute - March 2024
Asset Flows Monitor March 2024 Edition
What Solutions Can Direct Indexing Offer?
Getting Broader and Smaller in 2024
Dissecting Incentives and Opportunities in (Traditional and Alternative) Energy
ETF Data Watch Asset Flows Monitor February 2024 Edition
Market Minute - February 2024
Alternatives Update 4th Quarter 2023
Handicapping the Odds for a 2024 Recession and Upcoming Elections
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