(1888PressRelease)
March 01, 2007 - AUSTIN, Texas – March 1, 2007 – “An astounding 156 new ETFs were launched in 2006, 56 in the fourth quarter of 2006 alone,” said Robert G. Smith, president and CIO for Sage Advisory. “That brought total assets to $422 billion – a 38 percent increase in assets for the year and a 375 percent increase in assets since 2001.”
Most ETFs added in 2006 could be classified as “specialty funds,” in that they featured an enhanced/custom index strategy or followed a non-traditional asset class. Some of the new classes becoming available to investors included oil, silver, two commodity indexes, six foreign currencies and international real estate. ETF investors can also place a leveraged bet or gain short exposure to several broad indexes via Proshares Ultra, Short or UltraShort series.
Smith predicts that ETF asset growth rate will continue into 2007.
“With dozens of funds in the SEC approval pipeline, the pace of new ETFs coming to market doesn’t appear to be slowing anytime soon,” he said,
For a complete market analysis, visit www.sageadvisory.com and download the “SageAdvice ETF Quarterly Monitor.”
About Sage Advisory Services
Founded in 1996, Sage Advisory Services is a national investment management and financial advisory firm that provides institutions and high-net-worth individuals with customized products and services including fixed-income and equity portfolio management, asset/liability analysis and structured portfolio solutions designed to minimize financial risk and increase returns. Sage is one of the fastest growing companies in Central Texas, with an AUM (assets under management) growth rate of 20 percent per year over the past five years. Its consistently high performance record is a result of its proprietary investment process, as well as its dedication to offering clients exclusive representation by senior-level managers with global expertise.
Sage’s investment management strategy employs a top-down approach to market analysis, taking into account broad domestic, international and economic trends when applying portfolio management strategies. And while most investment management firms have limited experience with exchange-traded funds, Sage offers an in-depth understanding of ETFs and a highly successful five-year performance record managing ETF portfolios.
Reflecting its commitment to providing education and transparency, Sage provides frequent access to up-to-date information on investment fundamentals, market trends and economic issues affecting client investments, and 24-hour real-time access to information about investment activity. For more information, visit www.sageadvisory.com.
CONTACT:
Laura P. Wright
Blabbermouth PR
512-461-5777
laura ( @ ) blabbermouthpr dot com
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