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News

First Manhattan Co. Launches Inaugural Actively Managed ETF - FMC Excelsior Focus Equity ETF (FMCX)

First Manhattan Co. (“First Manhattan”), an independently owned and operated investment advisory firm, today announced the launch of its inaugural exchange-traded fund, FMC Excelsior Focus Equity ETF (ticker: FMCX) (“FMCX” or the “Fund”), an actively managed ETF that invests in First Manhattan’s highest-conviction ideas driven by its rigorous, fundamentals-based research.

DoubleLine Launches Its Own ETFs

DoubleLine Capital, an investment manager with $134 billion in assets under management founded by Jeffrey Gundlach, entered the ETF space today with two very different actively managed funds, the DoubleLine Shiller CAPE U.S. Equities ETF (DCPE) and the DoubleLine Opportunistic Bond ETF (DBND). The former comes with an expense ratio of 0.65%, while the latter charges 0.50%. Both funds list on the NYSE Arca.

First Manhattan Co. Announces Agreement With Precidian Investments, LLC

First Manhattan Co., an independently owned and operated investment advisory and wealth planning firm, today announced that it has entered into an agreement to license ActiveShares®, the proprietary actively managed exchanged-traded fund structure from Precidian Investments, LLC.

DoubleLine Licenses Precidian’s ActiveShares® Exchange-Traded Fund Structure

DoubleLine has entered into a licensing agreement with Precidian Investments, LLC. (Precidian) to use ActiveShares®, Precidian's proprietary actively managed exchange-traded funds (ETFs) structure. The ActiveShares® methodology will allow DoubleLine to deliver actively managed investment strategies via ETF vehicles without disclosing holdings on a daily basis.

GAMCO Investors to Launch Precidian ActiveShares ETF Trust

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today the launch of a trust of nine Precidian ActiveShares actively managed ETFs.

ETF Odds & Ends: Gabelli Debuts 2nd Fund

With the exception of several launches, there was minimal activity among U.S.-listed ETFs.

American Century Debuts Active Non-Transparent ETFs

The first Active Non-Transparent ETFs made their trading debut today via a pair of funds from American Century Investments.

Alger to launch the firm’s first two actively managed ETFs

Fred Alger Management (Alger), a growth equity investment manager, is to launch two actively managed exchange traded funds (ETF).

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