Armed with seven actively managed exchange-traded funds, including two fixed income funds it launched Friday, Grail Advisors plans to aggressively expand its lineup this year as the actively managed ETF sector continues to go mainstream.
William Thomas, the chief executive officer of the San Francisco money manager, said in an interview that the company plans to introduce more equity and fixed income actively managed ETFs, and is in discussions with several mutual fund companies that are interested in converting to actively managed ETFs. “We expect to significantly ramp up assets now that we have been in market for almost a year,” he said. “We should be between $500 million and $800 million by the end of the year.”
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