“My belief is that actively managed ETFs work for both equity and fixed-income, that the inherent benefits that ETFs offer shareholders are critical,” he says. “There have not been large inflows into equity ETFs, but you’re not seeing flows to equity mutual funds, either.”
Thomas also expects future actively managed ETFs will include equity, fixed-income, sector funds, country-specific funds and additional fixed-income capabilities. As for where Grail hopes to be in the future, “Onward and upward. We want to expand on our reputation as the leader in delivering active strategies in the ETF marketplace.”
To reach that goal, Thomas says, Grail eventually wants to offer an “all-weather” product line that is done with the best sub-advisors for any particular strategy. [Tom Lydon Talks About Active ETFs.]
For more information on actively managed ETFs, visit our actively managed category.
Max Chen contributed to this article.