Consequently, more traditional open-end fund managers are stepping into the ETF business. For instance, David Advisors launched the Davis Select U.S. Equity ETF (NasdaqGM: DUSA), Davis Select Financial ETF (NasdaqGM: DFNL), and Davis Select Worldwide ETF (NasdaqGM: DWLD). DUSA is managed by Christopher Davis and Danton Goei, a portfolio manager for the Davis Large Cap Value Portfolios and a member of the research team. Davis also manages DFNL while Goei manages DWLD.
“It’s really filling a need that’s been unmet in the marketplace, and that’s true, time-tested active management in a traditional ETF structure,” Kittsley added.
While the U.S.-listed ETF industry has ballooned to $3.4 trillion in assets under management with over 2,100 products listed on the market, there are only 205 actively managed ETFs with $45.7 billion in assets under management, according to XTF data, which leaves a lot of room for further growth.
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