Grail Advisors has launched an actively managed ETF on NYSE Arca, representing its first product ...
Grail Advisors has launched an actively managed ETF on NYSE Arca, representing its first product listing on the exchange platform. The Grail American Beacon Large Cap Value ETF is the first ETF to use traditional active management, and allows portfolio managers unrestricted trading. Grail Advisors claim that expenses for the ETF will be significantly less than any similarly managed mutual fund, with a maximum expense of 0.79%, which is 41% lower than the Morningstar large-cap value universe average. The fund's investment objective is long-term capital appreciation and curr...
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