With many areas of the beta index exchange traded fund space filled out, a number of money managers are beginning to fill out the actively managed segment of the ETF universe.
ETF Trends publisher Tom Lydon spoke with Chris Davis, Chairman of Davis Advisors, at the Inside ETFs conference that ran Jan. 22-25, 2017 to talk about Davis Advisors’ recent entry into the ETF space.
“We felt in the world of ETFs, traditional ETFs, there was something missing,” Davis said. “Those ETFs have these advantages of transparency and low cost and tax efficiency, but we also feel that there are huge advantages to proven long-term active management.”
According to XTF data, there are only 180 actively managed U.S.-listed ETFs with $32.6 billion in assets under management, compared to the overall universe of 1,997 U.S.-listed ETFs with $2.754 trillion in assets under management.