Sector delivering solid run this year, but no one's buying into it.
PowerShares and First Trust dominate performance in this smart-beta segment.
Here are some noncap-weighted funds that are outperforming.
The story line on actively managed exchange-traded funds is that they are a failure. The media spent more than five years hyping the coming of actively managed ETFs, but when the first one hit the market in 2008, investors hardly noticed. As of March 31, 2010, there were (by most definitions) 17 actively managed ETFs available in the U.S. Collectively, those funds held $380 million, or about $22 million each.
As the first follow-up to my popular tabulation of ETF fund revenues, I offer you a view from the bottom.