The active ETF will also diversify across companies, sectors and industries to spread out risk.
A number of other mutual fund providers have been eying the ETF space, including Franklin Templeton, T. Rowe Price, Legg Mason and Federated Investors. [Franklin Templeton Readying First Foray into ETFs]
For more information on mutual funds and ETFs, visit our mutual funds category.
Max Chen contributed to this article.
