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.

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