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ARTICLE · 12 NOVEMBER 2015

Alternative And Derivative Based ETFs Leading 2015 Launches

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Actively managed ETFs saw fewer launches in 2015 than the prior year.

United StatesFinance and Banking
George Silfen
George Silfen
Ronald Feiman
Ronald Feiman
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BNY Mellon, one of the world's largest ETF servicers, says exchange-traded funds based on derivatives and alternative strategies were the most popular type of ETF products launched in the first nine months of 2015. These "liquid alt" ETFs accounted for 25% of all new funds serviced by BNY Mellon, matching their share from 2014.

Steve Cook, a structured product services executive at BNY Mellon, attributes the popularity of alternative ETFs to two things:

  1. Registered investment advisors (RIAs) are seeking out downside protection; and
  2. Investors are anticipating higher interest rates and looking for alternatives to traditional fixed-income.

Smart-beta ETFs accounted for half of the 16 alternative funds launched through BNY Mellon in nine months ending September 30. Traditional fixed-income, by contrast, accounted for only four launches.

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