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 1, 2023 Five Subadvisors Will Power Harbor's Newest Fund Five subadvisors are teaming up with a Midwestern asset manager to power a new small cap fund. On Thursday, Spenser Lerner, managing director and head of multi-asset solutions at Harbor Capital Advisors, Inc. [profile], unveiled the launch of the Harbor Small Cap Explorer ETF (QWST on the NYSE Arca, Inc.). QWST is Harbor's 13th active, fully transparent ETF since entering the space in 2021. QWST is a series of the Harbor ETF Trust. The new fund's inception date was April 26, and it comes with an expense ratio of 80 basis points. As of Friday, the fund had $8.36 million in AUM. It is powered by an active, multi-strategy approach. Harbor serves as QWST's investment advisor. The subadvisor team includes: Connach Asset Management, LP; Copeland Capital Management, LLC; Granahan Investment Management, LLC; Huber Capital Management, LLC; and Reinhart Partners, Inc. The new fund's PM team includes: Jason Alonzo, portfolio manager; Lindsey Houghton, managing director and portfolio manager; Lerner, portfolio manager; Justin Menne, portfolio manager; and Jake Schurmeir, portfolio manager. Lerner describes QWST as "another strategy whose purpose is built to unlock more opportuities for today's investors." "We believe our multi-strategy framework and process allows us to access trends across markets, helps maximize the alpha potential of concentrated and specialized managers, and seeks to mitigate risk through our proprietary portfolio construction methodology," Lerner states. The new fund's other service providers include: Ernst & Young LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company as custodian and transfer agent. Printed from: MFWire.com/story.asp?s=65910 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |