Alliance Bernstein Files for Active ETFs
July 20th at 1:00am by Tom Lydon
Alliance Bernstein, the money-management firm known for its early focus in emerging markets, has filed to join other firms in bringing its own actively managed exchange traded fund (ETF) to market.
Alliance Bernstein’s filing reveals plans to launch actively managed equity and fixed-income funds that use quantitative strategies to select securities. The equity funds may include both U.S. and international companies. [Why Active Management Has Legs.]
Olivier Ludwig for Index Universe reports that the filing makes Alliance, known also for its focus on high-net-worth individuals, the latest high-profile financial company to throw its hat into the growing pool of actively managed ETFs. Other companies that have made exemptive relief filings with the SEC outlining plans for actively managed ETFs include Goldman Sachs, Legg Mason and JPMorgan.
Active management hasn’t raked in the assets just yet, but as more big names throw their weight behind the concept and existing funds build up a track record, the investors may follow. [Mutual Fund to ETF Conversions: What to Know.]
For more stories about actively managed ETFs, visit our actively managed ETF category.
Tisha Guerrero contributed to this article.
