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.

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.