The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, March 24, 2023|
A $665B-AUM Firm Adds 3 Active ETFs
The team at a $665-billion-AUM (as of February 28), publicly traded fund firm is rolling out a trio of active equity ETFs.
AllianceBernstein serves as the investment advisor to all three new funds. LOWV, which comes with an expense ratio of 48 basis points, now has $4.94 million in AUM. HIDV, which costs 45 bps, has $4.87 million. And FWD, which costs 65 bps, has $5.02 million.
Lei Qiu, a senior vice president, is the portfolio manager for FWD. Vikas Kapoor (SVP), Eugene Smit (VP), and Cherie Tian (VP) are the PMs for HIDV. And Kent Hargis, SVP, is the PM for LOWV.
"Drawing upon the success of our inaugural ETFs launched in 2022, this new suite of Equity ETFs demonstrates our commitment to delivering best-in-class investment strategies in adaptable and accessible vehicles for all investors," Archard states.
The new funds' other service providers include: Ernst & Young LLP as independent consulting firm; Foreside Fund Services, LLC as distributor; Seward & Kissel LLP as counsel; and State Street Bank and Trust Company as administrator, custodian, and transfer agent.
Printed from: MFWire.com/story.asp?s=65751
Copyright 2023, InvestmentWires, Inc.
All Rights Reserved