Next Investments Readies Active ETFs
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Next Investments Readies Active ETFs

Next Investments is completing deals to launch actively-managed exchange-traded funds with several big name ETF firms. Next Investments, which created Rydex Investments’ $4 billion CurrencyShares ETF line, would not name the active ETF sponsors but said they are leaders in the space. Right now PowerShares, WisdomTree, and State Street Global Advisors have all either filed or launched actively-managed ETFs.

Later this summer Rydex Investments will launch four currency ETFs designed by Next Investments that focus on Hong Kong, Singapore, Russia and South Africa. A JPMorgan bank branch in London will serve as the custodian, allowing investors to own the actual currencies rather than derivatives. Rydex now offers eight currency ETFs.

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