Grail ends quest for first actively managed equity ETFs


Grail Advisors, based in San Francisco, has filed for two actively managed exchange-traded funds (ETFs) which will mark the first actively managed ETF to be launched in the equity arena.

The release of actively managed equity ETFs has previously been hindered by the issue of disclosure, but Grail will publicly disseminate the funds' portfolio holdings on its website on every business day. "Investors of all types are coming to expect this level of reporting," says William Thomas, chief executive o

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