Grail Advisers has listed its first exchange-traded fund (ETF) on the Arca platform of the New York Stock Exchange. The Grail American Beacon Large Cap Value ETF is an actively managed fund that uses multi-managers to achieve its return like traditional mutual funds.
The fund will usually invest around 80% of its assets in large-cap US equities, similar to those that constitute the Russell 1000 Index. Holdings will include preferred stock, common stock, American depositary receipts and US dollar
The week on Risk.net, July 7-13, 2018Receive this by email