Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Asset Managers

Neuberger Berman Plans Its First ETFs

By Bernice Napach

X
Your article was successfully shared with the contacts you provided.

What You Need to Know

  • The 82-year-old investment firm joins a growing list of established firms moving into the active ETF market.
  • It has filed an application with the SEC to trade three actively managed equity funds.
  • The ETFs are focused on carbon transition, disruptive technologies and beneficiaries of Gen Y and Z consumption.

Neuberger Berman, a private investment management firm founded in 1939, plans on entering the exchange-traded fund universe, joining a growing number of asset managers offering active ETFs for the first time.

The $400-billion-plus asset manager has filed with the Securities and Exchange Commission to launch three active ETFs, all targeting future-focused themes that are currently included in the firm’s investment strategies.

The three ETFs are the Neuberger Berman Carbon Transition Infrastructure ETF, the Neuberger Berman Disrupters ETF and the Neuberger Berman Next Generation Connected Consumer ETF.

The carbon transition infrastructure ETF will invest in companies with exposure to infrastructure that will be required to reduce greenhouse gas emissions or will enable other companies to do so.

The disrupters fund will invest in companies that either disrupt existing markets or create new ones, such as markets focused on autonomous driving, cloud computing or gene therapy, and the Next Generation Consumer Connect ETF will invest in companies the portfolio managers view as potential beneficiaries of the growing economic power of Generations Y and Z.

All three ETFs can invest in U.S. and non-U.S. securities, according to the SEC filing, which comes 11 years after the firm first filed what was essentially a placeholder application notifying the SEC of its intent to trade active ETFs without specifying any specific fund.

Trading symbols and expense ratios of the planned ETFs were not disclosed in the SEC filing.

Neuberger’s application filing comes in the same year that Schwab, Dimensional Fund Advisors, Nuveen and Putnam launched their first active ETFs. All but the DFA funds are semi-transparent, meaning they don’t disclose their actual investment holdings on a daily basis.

Bernice Napach

@Think_Napach

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.