GAMCO Investors to Offer Gabelli Financial Services Opportunities ETF (GABF)
GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) will launch Gabelli Financial Services Opportunities ETF (NYSE: GABF), on or around May 10, 2022. GAMCO will offer a “loyalty” program under which the first $25 million of the Fund’s assets under management will incur no fees and expenses.
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.