• Advisorshares' recently launched Pring Turner Business Cycle ETF (DBIZ), managed by PringTurner Capital Management, uses the firm's unique investing process, geared to different stages of the business cycle. This has appeal for investors who believe that, l ike the last decade, this one will be one of low average annual returns. • A variety of active ETFs from State Street Global Advisors, including SSga Income Allocation ETF, a total return fund focused on investment in income and yield-generating assets such as corporate bonds, dividends and preferred stocks. Little did many investors know 20 years ago that the then-fledgling ETF industry would become what it is today. Expect to see a wave of active managers enter the ETF arena over the next few years as the industry comes up with innovative solutions to the disclosure requirements that sometimes bedevil their strategy execution.