Huntington Asset Advisors, an investment advisory arm of Huntington Bank, has filed with the Securities and Exchange Commission to establish and offer two actively managed exchange-traded funds.

"ETFs have some distinct benefits for investors," says Randy Bateman, president and chief investment officer of Huntington Asset Advisors, which also manages the Huntington Funds. "The primary benefits of ETFs include the opportunity for intraday trading similar to a stock, possible tax benefits resulting from potentially lower annual capital gains distributions, and generally lower fees."

The initial actively managed exchange traded funds – the Huntington Ecological Strategy Fund and the Huntington Global Rotating Strategy Fund – are expected to launch first quarter of 2011.

"The Ecological Strategy Fund will hold stocks aligned to one or more environmental themes that also screen out as superior investments," says Bateman. "The Global Rotating Strategy Fund will shift holdings among equity market segments, such as large-cap and mid-cap and within industry sectors as well, offering the greatest potential for capital appreciation. As actively managed ETFs they combine Huntington's asset management expertise with the advantages of ETFs."