MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, May 17, 2010 Grail WAMs the Active ETF Market Grail Advisors and Western Asset Management have teamed up on a new actively-managed exchange-traded fund. Grail filed registration today for the Grail Western Asset Enhanced Liquidity ETF. Grail prides itself as being an expert in actively-manager ETFs. The fund will employ a short-term fixed income strategy from Western Asset, part of Legg Mason, which currently manages $478 billion in assets. Earlier this year Grail partnered with Chicago-based McDonnell Investment Management for two active bond ETFs. The fund has a very low expense ratio of 30 basis points, priced five basis points below the 35 bps of the new Pimco Enhanced Short Maturity Fund. The active bond ETF market is getting crowded. Aside form Pimco and Grail, Claymore and Eaton Vance (and at one point Bear Sterns) all use the strategies in their fund families. Kenneth Leech, Stephen Walsh, Martin Hanley and Kevin Kennedy are the fund's portfolio managers. The fund is distributed by ALPS Distributors. Printed from: MFWire.com/story.asp?s=32244 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |