🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 33 (from laksa082)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa033.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://quoteddata.com/2025/09/active-exchange-traded-funds-an-introduction/\')), getAhrefsUnparsedNoserviceFromURL(\'https://quoteddata.com/2025/09/active-exchange-traded-funds-an-introduction/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/quoteddata.com\/2025\/09\/active-exchange-traded-funds-an-introduction\/","crawl_time":1768937904,"first_indexed_time":1757092645,"http_code":200,"src_unparsed":"com,quoteddata!\/2025\/09\/active-exchange-traded-funds-an-introduction\/ s443","src_root_hash":"11688391558518242833","history_drop_reason":null,"meta_title":"Active Exchange Traded Funds – an introduction - QuotedData","meta_descriptions":["An interesting recent development in the sector is the planned conversion of Middlefield Canadian Income Trust from an investment trust to an active ETF. For many readers, this will beg the question: what is an active ETF and how does it work?"],"attrs_boilerpipe_text":"While the number of trusts has been falling, certain other, newer, structures have been multiplying. Among these are Long Term Asset Funds (LTAFs) and private structures. Another is the subject of this piece: active Exchange Traded Funds (ETFs).\nAn interesting recent development in the investment companies sector is the planned conversion of Middlefield Canadian Income Trust from an investment trust to an\nactive\nETF\n. This has recently received regulatory approval. The change was largely the result of pressure from Saba Capital Management, which has been campaigning for fundamental change at numerous investment trusts over the past year.\nFor many readers, this will beg the question: what is an\nactive\nETF\nand how does it work? We thought that it might be a good idea to answer those questions.\nThe newly structured Middlefield\nETF\nwill retain the previous trust’s focus on high-yielding North American large-cap companies, while reducing fees, improving\nliquidity\nand eliminating the persistent\ndiscount to\nNAV\n(discounts on active ETFs, if they exist at all, are usually small and short-lived).\nHowever, we are not sure that a conversion of a small trust like Middlefield, essentially made under duress, will help establish the structure in the UK. What we would prefer to see would be a well-known manager with an enviable track record launch a new product within an\nactive\nETF\nwrapper\n, invested in a liquid\nasset class\nand accompanied by a sufficient sales and marketing push to make it a success. We shall see.\nMany investors are familiar with ETFs, investment funds that trade on a stock exchange. Most are passive instruments, aiming to track a particular\nindex\n. However, as their name suggests, active ETFs are managed actively, with the freedom to aim for outperformance of a specific\nbenchmark\n. As such they have much in common with actively managed open-ended funds (OEICs and unit trusts), except they can be traded at any time their exchange is open, rather than once a day or less. Other advantages are typically lower fees and greater transparency, with most required to publish their holdings on a daily basis.\nIn reality, how truly “active” an\nactive\nETF\nis, varies greatly. Many are quant-based, using algorithms and\nquantitative\nmodels to make asset selections. Such rules and data-driven strategies can, in theory, outperform benchmarks, while maintaining a low\ntracking error\n. However, there are also a growing number of what could be described as truly active ETFs, particularly at the smaller end of the market, where humans rather than algorithms make the decisions and there is the potential for more significant outperformance (and of course the opposite).\nThe European\nactive\nETF\nmarket is experiencing notable growth, albeit from a modest base. As of early 2025, the structure accounted for approximately 2.5% of Europe’s €2.2 trillion\nETF\nmarket, with assets under management (AUM) of c€55 billion. 7.7% of all European\nETF\ninflows in 2024 were into active structures, up from 4.6% in 2023. Nonetheless, active ETFs have been slower to take hold in Europe as compared to the US (partly due to specific tax advantages that they confer in America), which already has a $1 trillion market (close to 10% of the total\nETF\nmarket).\nThe European market is currently dominated by JP Morgan, which accounts for well over half of current AUM. Its core offering is the Research Enhanced\nIndex\nEquity range of funds, covering global, US, Europe, Emerging Markets, Japan and eurozone equities. All aim to generate positive\nalpha\nfrom security selection, while maintaining neutral sector positioning and a low\ntracking error\n. Therefore, all provide a return close to their respective benchmarks.\nOther providers with a significant presence in the European market include Fidelity, PIMCO, BNP Paribas, Invesco and AXA. Many other fund management firms have recently launched products or are set to do so. There are also a number of smaller, often less well known, companies in the space. Many of these partner with white-label platforms like HANetf, companies that specialise in enabling asset managers to launch innovative and thematic ETFs in Europe without the need to build their own infrastructure. Across the sector, nearly all active ETFs are Undertakings for Collective Investment in Transferable Securities (\nUCITS\n) compliant.\nMore broadly, sustainability has become a defining theme within the European\nactive\nETF\nmarket. Many regulators and investors remain cautious about the\nESG\ncredentials of passive funds. In contrast, the discretionary nature of active ETFs allows\nportfolio\nmanagers to go beyond mechanical\nindex\nscreening and engage more deeply with\nESG\nanalysis. Many active ETFs in Europe now align with Articles 8 or 9 of the Sustainable Finance Disclosure Regulation (\nSFDR\n), reflecting their commitment to promoting environmental or social characteristics, or even targeting sustainable investment objectives outright.\nPerformance in the sector has, to date, been somewhat mixed. Using Morningstar data, we have been able to conduct an analysis of 48 funds. Of those that have a one-year performance track record, 17 have outperformed their stated\nbenchmark\n, while 31 have underperformed. At first sight, this is disappointing, but – as with any investment – a one-year picture is not long enough to make a judgement.\nFor those with a three-year record, the figures are better; 15 outperformers and 16 underperformers, and for five years, 12 and 10 respectively.\nAt QuotedData we are keeping a keen eye on this rapidly expanding sector. Will this new vehicle reshape the asset management industry, which in many ways has been in decline? In an attempt to help investors make sense of it all, we have published\na user-friendly guide on our website.\nWe are also intending to publish a wider sector note shortly, and will keep abreast of developments over the coming months.","attrs_markdown":"[![Quoted Data Logo](https:\/\/quoteddata.com\/wp-content\/themes\/quoteddata\/images\/logo-white.png)](https:\/\/quoteddata.com\/)\n\n##### Search\n##### Account\nSign up for equity research\n\n[Sign Up](https:\/\/quoteddata.com\/market-research-registration\/) [Login](https:\/\/quoteddata.com\/login\/)\n\nInvestor Type\n\n##### Menu\n- [Home](https:\/\/quoteddata.com\/)\n- [Funds](https:\/\/quoteddata.com\/company\/)\n  - [Search by Fund\/Company](https:\/\/quoteddata.com\/company\/)\n  - [Search by Sector](https:\/\/quoteddata.com\/sector\/)\n- [Research](https:\/\/quoteddata.com\/research\/)\n  - [All Research](https:\/\/quoteddata.com\/research)\n    - [Search the Library](https:\/\/quoteddata.com\/research)\n    - [Scroll one by one](https:\/\/quoteddata.com\/research?display=expanded)\n  - [Asset Managers](https:\/\/quoteddata.com\/research\/?fwp_research_sectors=117268)\n  - [Closed Ended Funds (Investment Companies \/ Investment Trusts)](https:\/\/quoteddata.com\/research\/?fwp_research_sectors=24129)\n  - [Real Estate Companies & REITs](https:\/\/quoteddata.com\/research\/?fwp_research_sectors=24189)\n  - [Open Ended Funds (Unit Trusts \/ OEICs \/ Mutual Funds)](https:\/\/quoteddata.com\/?s=cg+asset+management)\n  - [Exchange Traded Funds (ETFs)](https:\/\/quoteddata.com\/glossary\/etf\/)\n  - [Tax Efficient Investments (VCTs \/ EIS & SEIS Investments)](https:\/\/quoteddata.com\/research)\n  - [Equities](https:\/\/quoteddata.com\/research)\n    - [Financial Services](https:\/\/quoteddata.com\/research\/?sector=financial-services&sector_id=24201)\n    - [Healthcare](https:\/\/quoteddata.com\/research\/?sector=healthcare&sector_id=24181)\n    - [Mining, Resources and Basic Materials](https:\/\/quoteddata.com\/research\/?sector=mining-resources-and-basic-materials&sector_id=24159)\n    - [Energy](https:\/\/quoteddata.com\/research\/?sector=energy&sector_id=24665)\n    - [Consumer Defensive](https:\/\/quoteddata.com\/research\/?sector=consumer-defensive&sector_id=24662)\n    - [Technology](https:\/\/quoteddata.com\/research\/?sector=technology&sector_id=24193)\n    - [Communication Services](https:\/\/quoteddata.com\/research\/?sector=communication-services&sector_id=24658)\n    - [Consumer Cyclical](https:\/\/quoteddata.com\/research\/?sector=consumer-cyclical&sector_id=24660)\n    - [Industrials](https:\/\/quoteddata.com\/research\/?sector=industrials&sector_id=24185)\n    - [Utilities](https:\/\/quoteddata.com\/research\/?sector=utilities&sector_id=24197)\n- [News](https:\/\/quoteddata.com\/news\/)\n  - [All News](https:\/\/quoteddata.com\/news)\n    - [Search the Library](https:\/\/quoteddata.com\/news)\n    - [Scroll one by one](https:\/\/quoteddata.com\/news?display=expanded)\n  - [Asset Managers](https:\/\/quoteddata.com\/news\/?fwp_post_sectors=117268)\n  - [Closed Ended Funds (Investment Companies \/ Investment Trusts)](https:\/\/quoteddata.com\/news\/?fwp_post_sectors=24129)\n  - [Real Estate Companies & REITs](https:\/\/quoteddata.com\/news\/?fwp_post_sectors=24189)\n  - [Open Ended Funds (Unit Trusts \/ OEICs \/ Mutual Funds)](https:\/\/quoteddata.com\/news)\n  - [Exchange Traded Funds (ETFs)](https:\/\/quoteddata.com\/news)\n  - [Tax Efficient Investments (VCTs \/ EIS & SEIS Investments)](https:\/\/quoteddata.com\/news)\n  - [Equities](https:\/\/quoteddata.com\/news)\n    - [Financial Services](https:\/\/quoteddata.com\/news\/?sector=financial-services&sector_id=24201)\n    - [Healthcare](https:\/\/quoteddata.com\/news\/?sector=healthcare&sector_id=24181)\n    - [Mining, Resources and Basic Materials](https:\/\/quoteddata.com\/news\/?sector=mining-resources-and-basic-materials&sector_id=24159)\n    - [Energy](https:\/\/quoteddata.com\/news\/?sector=energy&sector_id=24665)\n    - [Consumer Defensive](https:\/\/quoteddata.com\/news\/?sector=consumer-defensive&sector_id=24662)\n    - [Technology](https:\/\/quoteddata.com\/news\/?sector=technology&sector_id=24193)\n    - [Communication Services](https:\/\/quoteddata.com\/news\/?sector=communication-services&sector_id=24658)\n    - [Consumer Cyclical](https:\/\/quoteddata.com\/news\/?sector=consumer-cyclical&sector_id=24660)\n    - [Industrials](https:\/\/quoteddata.com\/news\/?sector=industrials&sector_id=24185)\n    - [Utilities](https:\/\/quoteddata.com\/news\/?sector=utilities&sector_id=24197)\n- [Data](https:\/\/quoteddata.com\/data-feeds-2\/)\n  - [Closed Ended Funds (Investment Companies \/ Investment Trusts)](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/)\n    - [Global](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/global-equity-income\/)\n      - [All investment companies](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/all-investment-companies\/)\n      - [Country specialist](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/country-specialist\/)\n      - [Flexible investment](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/flexible-investment\/)\n      - [Global](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/global\/)\n      - [Global emerging markets](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/global-emerging-markets\/)\n      - [Global equity income](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/global-equity-income\/)\n      - [Global smaller companies](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/global-smaller-companies\/)\n    - [UK](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/uk\/)\n      - [UK All Companies](https:\/\/quoteddata.com\/sector\/investment-companies\/uk\/uk-all-companies\/)\n      - [UK Equity and Bond Income](https:\/\/quoteddata.com\/sector\/investment-companies\/uk\/uk-equity-and-bond-income\/)\n      - [UK Equity Income](https:\/\/quoteddata.com\/sector\/investment-companies\/uk\/uk-equity-income\/)\n      - [UK smaller companies](https:\/\/quoteddata.com\/sector\/investment-companies\/uk\/uk-smaller-companies\/)\n    - [Asia](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/asia\/)\n      - [Asia Pacific](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/asia-pacific\/)\n      - [Asia Pacific income](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/asia-pacific-income\/)\n      - [Asia Pacific smaller companies](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/asia-pacific-smaller-companies\/)\n      - [China \/ Greater China](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/china-greater-china\/)\n      - [India\/Indian subcontinent](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/india\/)\n      - [Japan](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/japan\/)\n      - [Japanese smaller companies](https:\/\/quoteddata.com\/sector\/investment-companies\/asia\/japanese-smaller-companies\/)\n    - [Europe](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/europe\/)\n      - [Europe](https:\/\/quoteddata.com\/sector\/investment-companies\/europe\/europe\/)\n      - [European smaller companies](https:\/\/quoteddata.com\/sector\/investment-companies\/europe\/european-smaller-companies\/)\n    - [North and South America](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/america\/)\n      - [Latin America](https:\/\/quoteddata.com\/sector\/investment-companies\/north-and-south-america\/latin-america\/)\n      - [North America](https:\/\/quoteddata.com\/sector\/investment-companies\/north-and-south-america\/north-america\/)\n      - [North American Smaller Companies](https:\/\/quoteddata.com\/sector\/investment-companies\/north-and-south-america\/north-american-smaller-companies\/)\n    - [Debt](https:\/\/quoteddata.com\/sector\/investment-companies\/debt\/)\n      - [Debt – Direct Lending](https:\/\/quoteddata.com\/sector\/investment-companies\/debt\/debt-direct-lending\/)\n      - [Debt – Loans and Bonds](https:\/\/quoteddata.com\/sector\/investment-companies\/debt\/debt-loans-bonds\/)\n      - [Debt – Structured Finance](https:\/\/quoteddata.com\/sector\/investment-companies\/debt\/debt-structured-finance\/)\n      - [Property – Debt](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-debt\/)\n    - [Property](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/infrastructure\/)\n      - [Property – Debt](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-debt\/)\n      - [Property – Europe](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-europe\/)\n      - [Property – Rest of World](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-rest-of-world\/)\n      - [Property Securities](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-securities\/)\n      - [Property – UK Commercial](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-uk-commercial\/)\n      - [Property – UK Healthcare](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-uk-healthcare\/)\n      - [Property – UK Logistics](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-uk-logistics\/)\n      - [Property – UK Residential](https:\/\/quoteddata.com\/sector\/investment-companies\/property\/property-uk-residential\/)\n    - [Specialist equity funds](https:\/\/quoteddata.com\/data-feeds-2\/investment-companies\/specialist-funds\/)\n      - [Biotechnology and healthcare](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/biotech-and-healthcare\/)\n      - [Commodities and natural resources](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/commodities-and-natural-resources\/)\n      - [Environmental](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/environmental\/)\n      - [Financials and financial innovation](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/financials\/)\n      - [Infrastructure securities](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/infrastructure-securities\/)\n      - [Technology and technology innovation](https:\/\/quoteddata.com\/sector\/investment-companies\/specialist-funds\/technology-media\/)\n    - [Other asset classes](https:\/\/quoteddata.com\/2025\/09\/active-exchange-traded-funds-an-introduction\/)\n      - [Farming and forestry](https:\/\/quoteddata.com\/sector\/forestry-and-timber\/)\n      - [Growth capital](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/growth-capital\/)\n      - [Hedge funds](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/hedge-funds\/)\n      - [Infrastructure](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/infrastructure\/)\n      - [Insurance and reinsurance](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/insurance-and-reinsurance\/)\n      - [Leasing](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/leasing\/)\n      - [Liquidity](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/liquidity\/)\n      - [Private equity](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/private-equity\/)\n      - [Renewable energy infrastructure](https:\/\/quoteddata.com\/sector\/investment-companies\/other-sectors\/renewable-energy-infrastructure\/)\n      - [Royalties](https:\/\/quoteddata.com\/sector\/royalties\/)\n      - [Zeros, warrants and subscription shares](https:\/\/quoteddata.com\/zeros-warrants-and-subscription-shares\/)\n  - [Real Estate Companies & REITs](https:\/\/quoteddata.com\/sector\/real-estate\/)\n  - [Tax Efficient Investments (VCTs \/ EIS & SEIS Investments)](https:\/\/quoteddata.com\/sector\/investment-companies\/global\/all-investment-companies\/)\n  - [Equities](https:\/\/quoteddata.com\/data-feeds-2\/)\n    - [Healthcare](https:\/\/quoteddata.com\/sector\/healthcare\/)\n    - [Mining, Resources and Basic Materials](https:\/\/quoteddata.com\/sector\/mining-resources-and-basic-materials\/)\n    - [Technology](https:\/\/quoteddata.com\/sector\/technology\/)\n    - [Financial Services](https:\/\/quoteddata.com\/sector\/financial-services\/)\n    - [Communication Services](https:\/\/quoteddata.com\/sector\/communication-services\/)\n    - [Consumer Cyclical](https:\/\/quoteddata.com\/sector\/consumer-cyclical\/)\n    - [Consumer Defensive](https:\/\/quoteddata.com\/sector\/consumer-defensive\/)\n    - [Energy](https:\/\/quoteddata.com\/sector\/energy\/)\n    - [Industrials](https:\/\/quoteddata.com\/sector\/industrials\/)\n    - [Utilities](https:\/\/quoteddata.com\/sector\/utilities\/)\n- [Events & Videos](https:\/\/quoteddata.com\/events\/)\n  - [Investors’ Choice Awards 2025](https:\/\/eu1.hubs.ly\/H0mJ9bP0)\n  - [Videos](https:\/\/quoteddata.com\/events?past=true)\n  - [Upcoming Events to Attend](https:\/\/quoteddata.com\/events)\n  - [QuotedData’s Weekly News Show](https:\/\/quoteddata.com\/glossary-terms\/weekly-news-show\/ \"QuotedData’s Weekly News Show – The Week’s Investment Trust and Property News\")\n  - [QuotedData’s Investor Choice Awards](https:\/\/quoteddata.com\/glossary-terms\/quoteddatas-investor-choice-awards\/)\n  - [Investor Shows and Publications](https:\/\/quoteddata.com\/about-quoteddata\/investor-shows-and-publications\/)\n- [Education](https:\/\/quoteddata.com\/glossary-terms\/)\n  - [New to Investing?](https:\/\/quoteddata.com\/glossary-terms\/investing\/)\n    - [A few tips before you get started](https:\/\/quoteddata.com\/glossary-terms\/buying-an-investment-company\/)\n    - [What type of asset to invest in?](https:\/\/quoteddata.com\/glossary-terms\/type-assets\/)\n    - [Where should I invest?](https:\/\/quoteddata.com\/glossary-terms\/where-should-i-invest\/)\n    - [Buy direct or through a fund?](https:\/\/quoteddata.com\/glossary-terms\/bit-wrappers\/)\n    - [A bit about wrappers](https:\/\/quoteddata.com\/glossary-terms\/bit-wrappers-2\/)\n  - [Fund Types](https:\/\/quoteddata.com\/glossary-terms\/funds\/)\n    - [Buy Direct or Through a Fund?](https:\/\/quoteddata.com\/glossary-terms\/bit-wrappers\/)\n    - [Fund types](https:\/\/quoteddata.com\/glossary-terms\/funds\/)\n    - [Choosing an Asset Manager](https:\/\/quoteddata.com\/choosing-asset-manager\/)\n    - [Investment Companies – Part One](https:\/\/quoteddata.com\/investment-companies-part-one\/)\n      - [What Is A Quoted Investment Company?](https:\/\/quoteddata.com\/investment-companies-part-one\/quoted-investment-company\/)\n      - [What Makes Investment Companies Different?](https:\/\/quoteddata.com\/investment-companies-part-one\/what-makes-investment-companies-different\/)\n      - [Investment Companies Versus Open-Ended Funds](https:\/\/quoteddata.com\/investment-companies-part-one\/investment-companies-openended-funds\/)\n      - [Types Of Investment Companies: Sectors](https:\/\/quoteddata.com\/investment-companies-part-one\/types-investment-companies-sectors\/)\n      - [Objectives And Policies](https:\/\/quoteddata.com\/investment-companies-part-one\/objectives-policies\/)\n      - [Choosing An Investment Company](https:\/\/quoteddata.com\/investment-companies-part-one\/choosing-investment-company\/)\n      - [Research Before You Invest](https:\/\/quoteddata.com\/investment-companies-part-one\/research-invest\/)\n    - [Investment Companies – Part Two](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/)\n      - [How Is Your Money Managed?](https:\/\/quoteddata.com\/investment-companies-part-one\/money-managed\/)\n      - [Investment Company Structures](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/investment-company-structures\/)\n      - [Boards And Directors](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/boards-directors\/)\n      - [Net Asset Values (NAVs)](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/navs\/)\n      - [What Is A Discount?](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/discount\/)\n      - [Managing The Discount](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/discounts\/)\n      - [Analysing Past Performance](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/performance\/)\n      - [Thinking About Risk](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/risk\/)\n      - [Income, Dividends And Yields](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/income-dividends-yields\/)\n      - [Fees And Expenses](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/management-fees\/)\n      - [Our Sponsors](https:\/\/quoteddata.com\/glossary-terms\/funds\/investment-companies-part-two\/sponsors\/)\n    - [ETFs](https:\/\/quoteddata.com\/etfs\/)\n      - [Your Guide to Active ETFs](https:\/\/quoteddata.com\/your-guide-to-active-etfs\/)\n    - [Open Ended Funds (OEICs or unit trusts)](https:\/\/quoteddata.com\/glossary-terms\/funds\/open-ended-funds-oeics-unit-trusts\/)\n    - [A Bit About Hedge Funds](https:\/\/quoteddata.com\/glossary-terms\/bit-hedge-funds\/)\n  - [Guides](https:\/\/quoteddata.com\/glossary-terms\/guides\/)\n    - [Investment Companies Guide](https:\/\/quoteddata.com\/glossary-terms\/guides\/quoteddata-2018-investment-companies-guide\/)\n    - [Your Guide to Active ETFs](https:\/\/quoteddata.com\/your-guide-to-active-etfs\/)\n    - 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[Advertise, Marketing Services, Subscriptions and Show Guests](https:\/\/quoteddata.com\/about-quoteddata\/advertise-marketing-services-or-want-to-be-a-show-guest\/)\n  - [Data Feeds – Content to Your Site](https:\/\/quoteddata.com\/about-quoteddata\/services\/)\n  - [Clients](https:\/\/quoteddata.com\/about-quoteddata\/clients\/)\n  - [Careers](https:\/\/quoteddata.com\/about-quoteddata\/careers\/)\n  - [Terms and Conditions](https:\/\/quoteddata.com\/about-quoteddata\/terms-and-conditions\/)\n    - [Privacy & Security](https:\/\/quoteddata.com\/about-quoteddata\/data-and-privacy-policy\/)\n    - [Cookie policy](https:\/\/quoteddata.com\/about-quoteddata\/cookie-policy\/)\n\n## News\n- [Home](https:\/\/quoteddata.com\/ \"Home\")\n- Active Exchange Traded Funds – an introduction\n\n# Active Exchange Traded Funds – an introduction\n- 05 September 2025\n- QuotedData\n- QDview\n- [Show 3 Geographies](https:\/\/quoteddata.com\/2025\/09\/active-exchange-traded-funds-an-introduction\/#geographies--236977)\n- [Investment Companies](https:\/\/quoteddata.com\/sector\/investment-companies\/)\n- [David Batchelor](https:\/\/quoteddata.com\/author\/david-batchelor\/)\n\n###### Geographies\n- Europe (EU and EEA ex UK)\n- North America\n- UK\n\n![](https:\/\/quoteddata.com\/wp-content\/uploads\/2025\/09\/Active-ETF-final.jpg)\n\nWhile the number of trusts has been falling, certain other, newer, structures have been multiplying. Among these are Long Term Asset Funds (LTAFs) and private structures. Another is the subject of this piece: active Exchange Traded Funds (ETFs).\n\nAn interesting recent development in the investment companies sector is the planned conversion of Middlefield Canadian Income Trust from an investment trust to an active ETF. This has recently received regulatory approval. The change was largely the result of pressure from Saba Capital Management, which has been campaigning for fundamental change at numerous investment trusts over the past year.\n\nFor many readers, this will beg the question: what is an active ETF and how does it work? We thought that it might be a good idea to answer those questions.\n\nThe newly structured Middlefield ETF will retain the previous trust’s focus on high-yielding North American large-cap companies, while reducing fees, improving liquidity and eliminating the persistent discount to NAV (discounts on active ETFs, if they exist at all, are usually small and short-lived).\n\nHowever, we are not sure that a conversion of a small trust like Middlefield, essentially made under duress, will help establish the structure in the UK. What we would prefer to see would be a well-known manager with an enviable track record launch a new product within an active ETF wrapper, invested in a liquid asset class and accompanied by a sufficient sales and marketing push to make it a success. We shall see.\n\nMany investors are familiar with ETFs, investment funds that trade on a stock exchange. Most are passive instruments, aiming to track a particular index. However, as their name suggests, active ETFs are managed actively, with the freedom to aim for outperformance of a specific benchmark. As such they have much in common with actively managed open-ended funds (OEICs and unit trusts), except they can be traded at any time their exchange is open, rather than once a day or less. Other advantages are typically lower fees and greater transparency, with most required to publish their holdings on a daily basis.\n\nIn reality, how truly “active” an active ETF is, varies greatly. Many are quant-based, using algorithms and quantitative models to make asset selections. Such rules and data-driven strategies can, in theory, outperform benchmarks, while maintaining a low tracking error. However, there are also a growing number of what could be described as truly active ETFs, particularly at the smaller end of the market, where humans rather than algorithms make the decisions and there is the potential for more significant outperformance (and of course the opposite).\n\nThe European active ETF market is experiencing notable growth, albeit from a modest base. As of early 2025, the structure accounted for approximately 2.5% of Europe’s €2.2 trillion ETF market, with assets under management (AUM) of c€55 billion. 7.7% of all European ETF inflows in 2024 were into active structures, up from 4.6% in 2023. Nonetheless, active ETFs have been slower to take hold in Europe as compared to the US (partly due to specific tax advantages that they confer in America), which already has a \\$1 trillion market (close to 10% of the total ETF market).\n\nThe European market is currently dominated by JP Morgan, which accounts for well over half of current AUM. Its core offering is the Research Enhanced Index Equity range of funds, covering global, US, Europe, Emerging Markets, Japan and eurozone equities. All aim to generate positive alpha from security selection, while maintaining neutral sector positioning and a low tracking error. Therefore, all provide a return close to their respective benchmarks.\n\nOther providers with a significant presence in the European market include Fidelity, PIMCO, BNP Paribas, Invesco and AXA. Many other fund management firms have recently launched products or are set to do so. There are also a number of smaller, often less well known, companies in the space. Many of these partner with white-label platforms like HANetf, companies that specialise in enabling asset managers to launch innovative and thematic ETFs in Europe without the need to build their own infrastructure. Across the sector, nearly all active ETFs are Undertakings for Collective Investment in Transferable Securities (UCITS) compliant.\n\nMore broadly, sustainability has become a defining theme within the European active ETF market. Many regulators and investors remain cautious about the ESG credentials of passive funds. In contrast, the discretionary nature of active ETFs allows portfolio managers to go beyond mechanical index screening and engage more deeply with ESG analysis. Many active ETFs in Europe now align with Articles 8 or 9 of the Sustainable Finance Disclosure Regulation (SFDR), reflecting their commitment to promoting environmental or social characteristics, or even targeting sustainable investment objectives outright.\n\nPerformance in the sector has, to date, been somewhat mixed. Using Morningstar data, we have been able to conduct an analysis of 48 funds. Of those that have a one-year performance track record, 17 have outperformed their stated benchmark, while 31 have underperformed. At first sight, this is disappointing, but – as with any investment – a one-year picture is not long enough to make a judgement.\n\nFor those with a three-year record, the figures are better; 15 outperformers and 16 underperformers, and for five years, 12 and 10 respectively.\n\nAt QuotedData we are keeping a keen eye on this rapidly expanding sector. Will this new vehicle reshape the asset management industry, which in many ways has been in decline? In an attempt to help investors make sense of it all, we have published [a user-friendly guide on our website.](https:\/\/quoteddata.com\/your-guide-to-active-etfs\/) We are also intending to publish a wider sector note shortly, and will keep abreast of developments over the coming months.\n\n![David Batchelor](https:\/\/quoteddata.com\/wp-content\/uploads\/2025\/10\/QD_170725_33-scaled-e1759749509901.jpg)\n\n##### Written By David Batchelor\n\nDisclaimer\n\nThis website is for information purposes only and is not intended to encourage the reader to deal in any mentioned securities. QuotedData is a trading name of Marten & Co Limited, which is authorised and regulated by the Financial Conduct Authority. Some of the content in this website is sponsored and, although it abides by Content Principles and Objectives, ([\/about-quoteddata\/research-principles-objectives\/](https:\/\/quoteddata.com\/about-quoteddata\/research-principles-objectives\/)) it is considered non-independent. Investments may involve a significant degree of risk, including loss of capital. The value of an investment and the income from it could go down as well as up. The return of your investment is not guaranteed, and you may get back less than you originally invested. Past performance is not an indicator of future performance. It is important that you read the Terms and Conditions ([\/about-quoteddata\/terms-and-conditions\/](https:\/\/quoteddata.com\/about-quoteddata\/terms-and-conditions\/)) before considering any investment.\n\n[Previous Article](https:\/\/quoteddata.com\/2025\/09\/trust-spot-gold-bulls-and-bond-bears-do-battle-in-dog-days-of-august\/)   [Next Article](https:\/\/quoteddata.com\/2025\/09\/morning-briefing-ruffer-benefitting-from-surge-in-gold-mining-equities-plus-gsf-tir-tig-pey-gri-whr-jara\/)\n\n## Leave a Reply [Cancel reply](https:\/\/quoteddata.com\/2025\/09\/active-exchange-traded-funds-an-introduction\/#respond)\n\nRelated Content\n\n#### [NB Global Floating Rate Income boosts dividend by 20%](https:\/\/quoteddata.com\/2019\/03\/nb-global-floating-rate-income\/)\nNB Global Floating Rate Income boosts dividend by 20% in 2018 – NB Global Floating Rate Income increased its dividend by 20% to £4.02p in the year to December 31, 2018. The company’s chairman, Rupert Dorey, was pleased with the year’s performance. “The board is satisfied with the recent performance of the company’s portfolio which \\[…\\]\n\n#### [GCP Asset Backed Income shareholders earn 9.1% return in 2018](https:\/\/quoteddata.com\/2019\/03\/gcp-asset-backed-income-shareholders-earn-91-return-2018\/)\nGCP Asset Backed Income shareholders earn 9.1% return in 2018 – GCP Asset Backed Income (GABI) had a good 2018 (to December 31) with shareholders earning a total return of 9.1%. The company, which at the end of 2018 had a total loan book of £372.3m, typically lends in the £5m-20m range, an area most \\[…\\]\n\n#### [Merchants Trust raises dividend for 37th consecutive year](https:\/\/quoteddata.com\/2019\/03\/merchants-trust-raises-dividend-37th-consecutive-year\/)\nMerchants Trust raises dividend for 37th consecutive year – The UK equity-focused income fund Merchants Trust (MRCH), which has a 130-year-old history, reported results today for the year to January 31, 2019. Highlights from the announcement Dividend growth of nearly 5%, ahead of inflation, and yield remains well above the sector average. The current dividend \\[…\\]\n\n#### [Schroder Asia Total Return hit by China](https:\/\/quoteddata.com\/2019\/03\/schroder-asia-total-return-hit-by-china\/)\nSchroder Asia Total Return hit by China weakness – Schroder Asian Total Return has published its annual report for the year ended 31 December 2018. The chairman says that 2018 was a difficult year. The company produced a net asset value total return of -8.1%, better than the total return of -8.6% from an equivalent index \\[…\\]\n\n#### [Fidelity Japan NAV down 15.4% in 2018](https:\/\/quoteddata.com\/2019\/03\/fidelity-japan-nav-154-2018\/)\nFidelity Japan NAV down 15.4% in 2018 – Fidelity Japan (FJV), the small and mid-cap fund, has published its annual results for the year to 31 December 2018. The company had a difficult year in 2018 with its NAV and shares down 15.4% and 16.2% in sterling terms respectively, underperforming the 8.3% decline in the \\[…\\]\n\n#### [NB Distressed Debt pushes on with shareholder returns in 2018](https:\/\/quoteddata.com\/2019\/03\/nb-distressed-debt-pushes-shareholder-returns-2018\/)\nNB Distressed Debt pushes on with shareholder returns in 2018 – NB Distressed Debt (NBDD) has published its annual report for the year to 31 December 2018. The company is made up of a number of different share classes: the Ordinary Share Class; the Extended Life Share Class; and the New Global Share Class. All three \\[…\\]\n\n#### [Regional REIT posts strong 2018 results driven by offices portfolio](https:\/\/quoteddata.com\/2019\/03\/regional-reit-posts-strong-2018-results-driven-offices-portfolio\/)\nRegional REIT posts strong 2018 results driven by offices portfolio – Regional REIT (RGL) is benefitting from the relatively strong performance of the regional UK office market outside London. The company has announced results for the year to 31December 2018. Its EPRA NAV per share increased by 9% to 115.5p, while its total dividend was up \\[…\\]\n\n#### [India Capital Growth 2018 NAV down 20% as small and mid-cap market deflates](https:\/\/quoteddata.com\/2019\/03\/india-capital-growth-2018-nav-20-indian-market-deflates\/)\nIndia Capital Growth 2018 NAV down 20% as small and mid-cap market deflates – After a bumper few years following the election and reforms enacted by Prime Minister Narendra Modi, India’s stock market cooled in 2018. The impact of a more challenged macroeconomic environment and exogenous forces such as the rise in oil prices (India \\[…\\]\n\n#### [Dunedin Income Growth looking good ahead of 150th birthday](https:\/\/quoteddata.com\/2019\/03\/dunedin-income-growth-looking-good-ahead-of-150th-birthday\/)\nDunedin Income Growth looking good ahead of 150th birthday – Dunedin Income Growth’s NAV return for the year to 31 January 2019 matched that of the All-Share index (both falling by 3.8%). The share price total return for the year was -0.83% reflecting a modest narrowing of the discount to NAV from 8.14% at the start of \\[…\\]\n\n#### [International Public Partnerships deploys another £105m](https:\/\/quoteddata.com\/2019\/03\/international-public-partnerships-deploys-105m\/)\nInternational Public Partnerships deploys another £105m – International Public Partnerships has published results for 2018. Highlights are: Net Asset Value growth of 7.9% to GBP2.2 billion (31 December 2017: GBP2.0 billion) NAV per share growth to 148.1 pence (31 December 2017: 145.0 pence) Full-year dividend increase of c.2.5% to 7.00 pence per share (31 December 2017: \\[…\\]\n\n© Copyright QuotedData 2013-2026\n\nThis website is for information purposes only and is not intended to encourage the reader to deal in the security or securities mentioned.\n\nInvestor Type\n\n# Modal title\nClose\n\n![](https:\/\/px.ads.linkedin.com\/collect\/?pid=4142729&fmt=gif)\n\n![](https:\/\/www.facebook.com\/tr?id=980370512005630&ev=PageView&noscript=1)\n\n![](https:\/\/www.facebook.com\/tr?id=980370512005630&ev=PageView&noscript=1)","attrs_readable_markdown":null,"meta_canonical":null}

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Boilerpipe Text	While the number of trusts has been falling, certain other, newer, structures have been multiplying. Among these are Long Term Asset Funds (LTAFs) and private structures. Another is the subject of this piece: active Exchange Traded Funds (ETFs). An interesting recent development in the investment companies sector is the planned conversion of Middlefield Canadian Income Trust from an investment trust to an active ETF . This has recently received regulatory approval. The change was largely the result of pressure from Saba Capital Management, which has been campaigning for fundamental change at numerous investment trusts over the past year. For many readers, this will beg the question: what is an active ETF and how does it work? We thought that it might be a good idea to answer those questions. The newly structured Middlefield ETF will retain the previous trust’s focus on high-yielding North American large-cap companies, while reducing fees, improving liquidity and eliminating the persistent discount to NAV (discounts on active ETFs, if they exist at all, are usually small and short-lived). However, we are not sure that a conversion of a small trust like Middlefield, essentially made under duress, will help establish the structure in the UK. What we would prefer to see would be a well-known manager with an enviable track record launch a new product within an active ETF wrapper , invested in a liquid asset class and accompanied by a sufficient sales and marketing push to make it a success. We shall see. Many investors are familiar with ETFs, investment funds that trade on a stock exchange. Most are passive instruments, aiming to track a particular index . However, as their name suggests, active ETFs are managed actively, with the freedom to aim for outperformance of a specific benchmark . As such they have much in common with actively managed open-ended funds (OEICs and unit trusts), except they can be traded at any time their exchange is open, rather than once a day or less. Other advantages are typically lower fees and greater transparency, with most required to publish their holdings on a daily basis. In reality, how truly “active” an active ETF is, varies greatly. Many are quant-based, using algorithms and quantitative models to make asset selections. Such rules and data-driven strategies can, in theory, outperform benchmarks, while maintaining a low tracking error . However, there are also a growing number of what could be described as truly active ETFs, particularly at the smaller end of the market, where humans rather than algorithms make the decisions and there is the potential for more significant outperformance (and of course the opposite). The European active ETF market is experiencing notable growth, albeit from a modest base. As of early 2025, the structure accounted for approximately 2.5% of Europe’s €2.2 trillion ETF market, with assets under management (AUM) of c€55 billion. 7.7% of all European ETF inflows in 2024 were into active structures, up from 4.6% in 2023. Nonetheless, active ETFs have been slower to take hold in Europe as compared to the US (partly due to specific tax advantages that they confer in America), which already has a $1 trillion market (close to 10% of the total ETF market). The European market is currently dominated by JP Morgan, which accounts for well over half of current AUM. Its core offering is the Research Enhanced Index Equity range of funds, covering global, US, Europe, Emerging Markets, Japan and eurozone equities. All aim to generate positive alpha from security selection, while maintaining neutral sector positioning and a low tracking error . Therefore, all provide a return close to their respective benchmarks. Other providers with a significant presence in the European market include Fidelity, PIMCO, BNP Paribas, Invesco and AXA. Many other fund management firms have recently launched products or are set to do so. There are also a number of smaller, often less well known, companies in the space. Many of these partner with white-label platforms like HANetf, companies that specialise in enabling asset managers to launch innovative and thematic ETFs in Europe without the need to build their own infrastructure. Across the sector, nearly all active ETFs are Undertakings for Collective Investment in Transferable Securities ( UCITS ) compliant. More broadly, sustainability has become a defining theme within the European active ETF market. Many regulators and investors remain cautious about the ESG credentials of passive funds. In contrast, the discretionary nature of active ETFs allows portfolio managers to go beyond mechanical index screening and engage more deeply with ESG analysis. Many active ETFs in Europe now align with Articles 8 or 9 of the Sustainable Finance Disclosure Regulation ( SFDR ), reflecting their commitment to promoting environmental or social characteristics, or even targeting sustainable investment objectives outright. Performance in the sector has, to date, been somewhat mixed. Using Morningstar data, we have been able to conduct an analysis of 48 funds. Of those that have a one-year performance track record, 17 have outperformed their stated benchmark , while 31 have underperformed. At first sight, this is disappointing, but – as with any investment – a one-year picture is not long enough to make a judgement. For those with a three-year record, the figures are better; 15 outperformers and 16 underperformers, and for five years, 12 and 10 respectively. At QuotedData we are keeping a keen eye on this rapidly expanding sector. Will this new vehicle reshape the asset management industry, which in many ways has been in decline? In an attempt to help investors make sense of it all, we have published a user-friendly guide on our website. We are also intending to publish a wider sector note shortly, and will keep abreast of developments over the coming months.
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[David Batchelor](https://quoteddata.com/author/david-batchelor/) ###### Geographies - Europe (EU and EEA ex UK) - North America - UK ![](https://quoteddata.com/wp-content/uploads/2025/09/Active-ETF-final.jpg) While the number of trusts has been falling, certain other, newer, structures have been multiplying. Among these are Long Term Asset Funds (LTAFs) and private structures. Another is the subject of this piece: active Exchange Traded Funds (ETFs). An interesting recent development in the investment companies sector is the planned conversion of Middlefield Canadian Income Trust from an investment trust to an active ETF. This has recently received regulatory approval. The change was largely the result of pressure from Saba Capital Management, which has been campaigning for fundamental change at numerous investment trusts over the past year. For many readers, this will beg the question: what is an active ETF and how does it work? We thought that it might be a good idea to answer those questions. The newly structured Middlefield ETF will retain the previous trust’s focus on high-yielding North American large-cap companies, while reducing fees, improving liquidity and eliminating the persistent discount to NAV (discounts on active ETFs, if they exist at all, are usually small and short-lived). However, we are not sure that a conversion of a small trust like Middlefield, essentially made under duress, will help establish the structure in the UK. What we would prefer to see would be a well-known manager with an enviable track record launch a new product within an active ETF wrapper, invested in a liquid asset class and accompanied by a sufficient sales and marketing push to make it a success. We shall see. Many investors are familiar with ETFs, investment funds that trade on a stock exchange. Most are passive instruments, aiming to track a particular index. However, as their name suggests, active ETFs are managed actively, with the freedom to aim for outperformance of a specific benchmark. As such they have much in common with actively managed open-ended funds (OEICs and unit trusts), except they can be traded at any time their exchange is open, rather than once a day or less. Other advantages are typically lower fees and greater transparency, with most required to publish their holdings on a daily basis. In reality, how truly “active” an active ETF is, varies greatly. Many are quant-based, using algorithms and quantitative models to make asset selections. Such rules and data-driven strategies can, in theory, outperform benchmarks, while maintaining a low tracking error. However, there are also a growing number of what could be described as truly active ETFs, particularly at the smaller end of the market, where humans rather than algorithms make the decisions and there is the potential for more significant outperformance (and of course the opposite). The European active ETF market is experiencing notable growth, albeit from a modest base. As of early 2025, the structure accounted for approximately 2.5% of Europe’s €2.2 trillion ETF market, with assets under management (AUM) of c€55 billion. 7.7% of all European ETF inflows in 2024 were into active structures, up from 4.6% in 2023. Nonetheless, active ETFs have been slower to take hold in Europe as compared to the US (partly due to specific tax advantages that they confer in America), which already has a \$1 trillion market (close to 10% of the total ETF market). The European market is currently dominated by JP Morgan, which accounts for well over half of current AUM. Its core offering is the Research Enhanced Index Equity range of funds, covering global, US, Europe, Emerging Markets, Japan and eurozone equities. All aim to generate positive alpha from security selection, while maintaining neutral sector positioning and a low tracking error. Therefore, all provide a return close to their respective benchmarks. Other providers with a significant presence in the European market include Fidelity, PIMCO, BNP Paribas, Invesco and AXA. Many other fund management firms have recently launched products or are set to do so. There are also a number of smaller, often less well known, companies in the space. Many of these partner with white-label platforms like HANetf, companies that specialise in enabling asset managers to launch innovative and thematic ETFs in Europe without the need to build their own infrastructure. Across the sector, nearly all active ETFs are Undertakings for Collective Investment in Transferable Securities (UCITS) compliant. More broadly, sustainability has become a defining theme within the European active ETF market. Many regulators and investors remain cautious about the ESG credentials of passive funds. In contrast, the discretionary nature of active ETFs allows portfolio managers to go beyond mechanical index screening and engage more deeply with ESG analysis. Many active ETFs in Europe now align with Articles 8 or 9 of the Sustainable Finance Disclosure Regulation (SFDR), reflecting their commitment to promoting environmental or social characteristics, or even targeting sustainable investment objectives outright. Performance in the sector has, to date, been somewhat mixed. Using Morningstar data, we have been able to conduct an analysis of 48 funds. Of those that have a one-year performance track record, 17 have outperformed their stated benchmark, while 31 have underperformed. At first sight, this is disappointing, but – as with any investment – a one-year picture is not long enough to make a judgement. For those with a three-year record, the figures are better; 15 outperformers and 16 underperformers, and for five years, 12 and 10 respectively. At QuotedData we are keeping a keen eye on this rapidly expanding sector. Will this new vehicle reshape the asset management industry, which in many ways has been in decline? In an attempt to help investors make sense of it all, we have published [a user-friendly guide on our website.](https://quoteddata.com/your-guide-to-active-etfs/) We are also intending to publish a wider sector note shortly, and will keep abreast of developments over the coming months. ![David Batchelor](https://quoteddata.com/wp-content/uploads/2025/10/QD_170725_33-scaled-e1759749509901.jpg) ##### Written By David Batchelor Disclaimer This website is for information purposes only and is not intended to encourage the reader to deal in any mentioned securities. QuotedData is a trading name of Marten & Co Limited, which is authorised and regulated by the Financial Conduct Authority. Some of the content in this website is sponsored and, although it abides by Content Principles and Objectives, ([/about-quoteddata/research-principles-objectives/](https://quoteddata.com/about-quoteddata/research-principles-objectives/)) it is considered non-independent. Investments may involve a significant degree of risk, including loss of capital. The value of an investment and the income from it could go down as well as up. The return of your investment is not guaranteed, and you may get back less than you originally invested. Past performance is not an indicator of future performance. It is important that you read the Terms and Conditions ([/about-quoteddata/terms-and-conditions/](https://quoteddata.com/about-quoteddata/terms-and-conditions/)) before considering any investment. [Previous Article](https://quoteddata.com/2025/09/trust-spot-gold-bulls-and-bond-bears-do-battle-in-dog-days-of-august/) [Next Article](https://quoteddata.com/2025/09/morning-briefing-ruffer-benefitting-from-surge-in-gold-mining-equities-plus-gsf-tir-tig-pey-gri-whr-jara/) ## Leave a Reply [Cancel reply](https://quoteddata.com/2025/09/active-exchange-traded-funds-an-introduction/#respond) Related Content #### [NB Global Floating Rate Income boosts dividend by 20%](https://quoteddata.com/2019/03/nb-global-floating-rate-income/) NB Global Floating Rate Income boosts dividend by 20% in 2018 – NB Global Floating Rate Income increased its dividend by 20% to £4.02p in the year to December 31, 2018. 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