A new entrant into the fast-growing world of exchange-traded funds has entered with some steam.
WBI Investments, an investment advisor, currently manages approximately $3 billion in assets for clients. Its new venture (ETFs) started with 10 new funds that are listed on the NYSE Arca.
The ETFs will fall into the actively managed category that is growing, but still greatly lags the passive funds. One of the biggest benefits of investing in ETFs is the fact they are passive and transparent. An actively managed ETF removes the two benefits.
The 10 ETFs will not track an index as most funds do, but rather will use a computer-driven selection process to meet the ETFs ...
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