MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 3, 2015 ETF Deja Vu All Over Again An ETF pioneer could be reentering the ETF business soon, 13 years after dropping its first efforts in the space. On Friday Chicago-based Nuveen [profile], now a TIAA-CREF subsidiary, filed with the SEC for an exemption to be able to launch active ETFs, both in equities and in fixed income. Trevor Hunnicutt of InvestmentNews points out that Nuveen first asked for an ETF exemption in 2000, aiming for indexed bond ETFs, yet shut the unit down in 2002. "It's a little hard to fault anyone for not seeing the writing on the wall," Dave Nadig chief investment officer of ETF.com, tells InvestmentNews. "The active ETF market is much further advanced," Greg Bottjer, a Nuveen product development executive, tells the trade publication. "There's a lot more familiarity, comfort and exposure to active ETFs, and there are some large active asset management firms out there doing this. The momentum is really there today compared to where it was over 10 years ago." So, fighting off ETF fever once does not permanently inoculate a firm against catching it again, in better market circumstances. Printed from: MFWire.com/story.asp?s=51039 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |