Grail American Beacon Large Cap Value ETF GVT.
The fund is the industry’s first ETF to implement traditional active management strategies. Like actively managed mutual funds but unlike active equity ETF’s already trading in the marketplace, the fund will grant its three active portfolio managers unrestricted trading.
San Francisco-based Grail Advisors will serve as the fund’s manager. It will be sub-advised by American Beacon Advisors, Inc., the Texas-based firm known for its multi-manager approach to portfolio construction.
Assets in the Grail Advisors ETF will be apportioned among three investment mangers–Brandywine Global Investment Management LLC, Hotchkis and Wiley Capital Management LLC, and Metropolitan West Capital Management LLC.