Portland, Maine-based Forum Investment Advisors has launched the Forum ETF Trust, a series trust designed for independent investment advisers to launch and operate actively managed exchange-traded funds ETFs.

FIA will serve as investment manager to the Trust and has responsibility for certain compliance and oversight functions and the Trust’s advisors have sole responsibility for investment decisions. Merk Investments, the Palo Alto, Calif.-based currency manager, is the first investment adviser to sign up for Forum’s ETF structure.

FIA and the Trust are affiliates of Atlantic Fund Services, a global fund services outsource provider.

“The manager-adviser structure allows each adviser to contract directly with Forum ETF Trust and to manage portfolios under its own brand,” stated Stacey Hong, president of Atlantic. “Combined with the efficiencies of a shared ETF vehicle, this is an optimum, cost-effective, turn-key solution for independent advisers seeking to bring actively managed ETFs to market.”

Forum ETF Trust is part of the Forum Family of Funds, a private label turn-key mutual fund platform with over $6 billion in assets under administration.

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