Products January 15, 2009

Grail Advisors To Launch Two Actively Managed ETFs

Grail Advisors has filed a registration statement for two new actively managed exchange-traded funds (ETFs).
Reported by

The Grail American Beacon Large Cap Value ETF and the Grail American Beacon International Equity ETF represent what the firm said are “the industry’s first actively managed ETFs in the equity space using traditional active management,” according to a press release. Both funds will be sub-advised by American Beacon Advisors, Inc.

Grail Advisors will serve as the funds’ manager and intends to operate both of the new ETFs as actively managed, multi-manager ETFs. The funds will allow portfolio managers unrestricted trading, the announcement said. The funds’ portfolio holdings will be publicly disseminated on the Grail Advisors Web site each day the funds are open for business.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

According to Grail, the two funds are the first in an anticipated series of offerings of the Grail Advisors ETF Trust. The firm is currently in discussions with a number of financial institutions and asset managers and expects to launch more customized, actively managed ETFs this year.

 

For more information or to obtain a prospectus, call 415.677.5870.

Products January 15, 2009

Morgan Stanley Reopens Global Infrastructure Fund

Morgan Stanley Investment Management (MSIM) announced that the Morgan Stanley Global Infrastructure Fund has reopened to new U.S. investors.
Reported by

According to a press release, the fund is designed to provide exposure to the growing universe of publicly traded infrastructure securities. The investment team’s investment approach strives to add excess return while targeting a beta of approximately 1 to the S&P Global Infrastructure index.

The fund consists of approximately 800 stocks and provides broad exposure to the infrastructure sectors as defined by the S&P Global Industry Classification Standard (GICS), as well as a range of communication stocks and other companies that are likely to benefit from infrastructure spending.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

“Gaining exposure to publicly traded infrastructure companies via the Morgan Stanley Global Infrastructure Fund allows investors access to this attractive growth story with lower capital requirements, greater diversification potential, daily liquidity and transparency,” said Randy Takian, managing director and head of Morgan Stanley Retail & Intermediary Distribution in the U.S., in the release.

MSIM said it intends to make a similar strategy available to international investors later in 2009.

 

 

A prospectus can be downloaded from www.morganstanley.com.

«