ís [see profile] Enhanced Short Maturity Fund
reached an actively managed ETF milestone. The offering has become the first actively managed ETF to surpass $1 billion ($1.18 billion to be exact), according to Daily Markets
According to Shishir Nigam, this is quite a feat given the fact that industry insiders "had questioned not only the relevance of the fund when it first launched in Nov 2009, but also that of the entire active ETF space." Nigam also writes that there are currently only 145 ETFs that manage $1 billion or more at the end of Feb 2011, which is about 12 percent of the universe of more than 1,100 ETFs in the US.
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