MEMBERS Trust Co. was the top manager of exchange-traded funds in the country in 2008, according to Barclays Global Investors' iShares.
The company was ranked No.1 for its income focus 25% equity ETF model and No. 9 for its 40% equity ETF model.
The top holdings in MEMBERS Trust's income portfolio includes various iShares funds. In 2008, the portfolio had a 0.8% return with $10 million in assets under management. The conservative portfolio also includes iShares funds. Last year, it had a negative 7.2% return with $23 million in assets under management. The respective returns were ahead of many others in the Barclays' ranking, according to performance data.
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Rounding out the top ten ETF managers for 2008 were Avatar Associates, New Frontier Advisors, Astor Asset Management, Adviser Investments, Efficient Market Advisors, Tactical Allocation Group, and Braver Wealth Management. Some firms were ranked more than once for other portfolios.
MEMBERS Trust is the only credit union entity to earn a listing in Barclays' inaugural ETF Managed Solutions Guide, which launched earlier this year.
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