Grail Tries Again With Four New Active ETFs
Despite the flop of their first actively managed ETF, Grail Advisors launched four more today (October 2, 2009). The June 9 press release heralded these new ETFs as "the industry's first traditional actively-managed ETFs using a single manager approach."
RiverPark Advisors (RP) will be the primary sub-advisor for all four ETFs, and Wedgewood Partners will be a second sub-advisor on one fund. The four funds and their active managers are:
- RP Growth ETF (RPX) will be managed by Mitchell Rubin, Chief Investment Officer of RiverPark Advisors
- RP Focused Large Cap Growth ETF (RWG) will be managed by David A.
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