GRV's bogey is the MSCI All Country World Index.
With $11 million in assets gathered since its October 2009 launch by RiverPark Capital, the RP Focused Large Cap Growth ETF (NYSE Arca: RWG) attempts to outperform the Russell 1000 Growth Index with a portfolio of 20 to 30 issues selected by its Wedgewood Partners subadvisor.
Outperformance of the Nasdaq 100 is the goal of the $10 million PowerShares Active AlphaQ Fund (NYSE Arca: PQY). AER Advisors submanages the portfolio using a proprietary screening methodology that filters out 50 large-cap Nasdaq-listed stocks from its master list.
PQY was one of the first active equity ETFs launched in April 2008.
The WCM/BNY Mellon Focused Growth ADR ETF (NYSE Arca: AADR) has amassed nearly $9 million in assets since its July 2010 inception and holds concentrated positions in non-U.S. issues. The self-advertised focus of the AADR portfolio is the American depository receipts in the technology, health-care and consumer staples/discretionary sectors.
Large cap isn't large enough for the PowerShares Active Mega Cap Fund (NYSE Arca: PMA). PMA, last valued with an asset base of just more than $5 million, seeks to outdo the Russell Top 200 Index, a benchmark made up of the Russell 3000 Index's heaviest-capitalized issues.
PowerShares was first to the active ETF market with PMA and two other products in April 2008.
While PMA concentrates on the largest of the large-cap stocks, the PowerShares Active Multi-Cap (NYSE Arca: PQZ) screens its candidates from a 3,000-stock universe of domestic and international issues in its quest to outperform the S&P 500 index.
PQZ has yet to break the $4 million asset mark since its April 2008 introduction.
The $3 million Columbia Concentrated Large Cap Value Strategy Fund (NYSE Arca: GVT) was launched in May 2009 with the objective of bettering the performance of the Russell 1000 Value Index.