Intelligent ETF

An exchange-traded fund (ETF) that employs an active investment strategy based on a broad index, such as the S&P 500 or a sector-based index. The fund may choose to exclude some stocks within the index while increasing or decreasing the percentage weighting of other stocks. Most intelligent ETFs carry higher expense ratios than standard ETFs, as well as substantially higher turnover ratios.

Also known as a "smart ETF".

Many of these "intelligent" or "smart" ETFs originated in the aftermath of the 2000-2002 bear market. Most intelligent ETFs look to avoid market capitalization-weighted portfolios, instead using internal metrics (or black box systems), such as company fundamentals or share performance.

Any ETF or index fund that does not replicate a base index is not passive investing, meaning that the fund's returns could deviate markedly from the returns of the benchmark index. Some intelligent ETFs have internal or proprietary indexes that are merely replicated within the ETF, but this is still active investing, and many of the internal indexes cannot be readily examined.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Джек Богл — (Jack Bogle) Джек Богл (Jack Bogle) это Джек Богл (Jack Bogle) это Содержание Джон Богл группы Vanguard, одной из крупнейших национальных компаний взаимных фондов. Он создал индексный фонд Vanguard 500, первый фонд, который отказался от… …   Энциклопедия инвестора

  • Faculty of Electrical Engineering and Computing — The Faculty of Electrical Engineering and Computing ( hr. Fakultet elektrotehnike i računarstva, abbr: FER ) is one of the top faculties of University of Zagreb. The faculty is regarded as the largest technical faculty and the leading educational …   Wikipedia

  • Index fund — An index fund or index tracker is a collective investment scheme (usually a mutual fund or exchange traded fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held… …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Fictional military aircraft — are imagined aircraft which are used in fiction, in its various media, but do not exist in the real world. These aircraft may be conjectured variants of real world aircraft or they may be completely fabricated by the author. Contents 1 Fictional… …   Wikipedia

  • Thomas G. Barnes — Infobox Scientist name = Thomas G. Barnes image width = caption = birth date = birth date|1911|8|14 birth place = USA death date = death date|2001|10|21 death place = El Paso, Texas nationality = USA field = Physicist work institution =… …   Wikipedia

  • Newsmax Media — Type Media Founded September 16, 1998 (1998 09 16) Founder(s) Christop …   Wikipedia

  • Science and religion in the Czech lands and Slovakia — Historical backdrop The field of “science and religion” (for lack of a better term; to denote that it is a single notion, we shall use the abbreviation “S R”) has a (relatively) long history in the Czech lands and Slovakia. The census of 1910… …   Wikipedia

  • Anlageformen — Dieser Artikel oder Abschnitt bedarf einer Überarbeitung. Näheres ist auf der Diskussionsseite angegeben. Hilf mit, ihn zu verbessern, und entferne anschließend diese Markierung. Unter einer Geldanlage, präzise Kapitalanlage (engl. financial… …   Deutsch Wikipedia

  • Geldanlage — Unter einer Geldanlage, präzise Kapitalanlage (engl. financial investment) versteht man die Investition von Geldbeträgen unter Umwandlung in Kapital. Ziel ist es im Idealfall einen Wertzuwachs oder einen Ertrag zu erwirtschaften, mindestens aber… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.