RiverPark Advisors has laid out plans to offer three actively managed ETFs and has filed with the Securities and Exchange Commission (SEC) to launch them.
The three proposed ETFs are the RiverPark Short-Term High-Yield ETF, the RiverPark Small Cap Growth ETF and the RiverPark/Gravity Long-Biased Fund. There are no details such as tickers or expense ratios determined yet, Olivier Ludwig for Index Universe reports. [The Active ETF Revolution.]
The provider says the new funds are a response to forecasts for significant growth in actively managed ETFs. The company is no stranger to ETFs – they are the subadviser to four active ETFs from San Francisco-based Grail Advisors. [The Active vs. Passive ETF Debate.]
For more stories about new ETFs, visit our new ETF category.
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.