Grail Advisors to roll out two new actively managed ETFs

Grail Advisors LLC filed to offer two actively managed exchange traded funds: the Grail McDonnell Intermediate Municipal Bond ETF and the Grail McDonnell Core Taxable Bond ETF.
OCT 06, 2009
Grail Advisors LLC filed to offer two actively managed exchange traded funds: the Grail McDonnell Intermediate Municipal Bond ETF and the Grail McDonnell Core Taxable Bond ETF. The two ETFs would be subadvised by McDonnell Investment Management LLC. The preliminary prospectus for the ETFs was filed with the Securities and Exchange Commission yesterday, just days after Grail launched four active equity ETFs:the RP Growth ETF (RPX), RP Focused Large Cap Growth ETF (RWG), RP Technology ETF (RPQ), and RP Financials ETF (RFF), all announced on October 2. RiverPark Advisors LLC is the primary subadviser for each of those funds, while Wedgewood Partners Inc. is a co-subadviser to the RP Focused Large Cap Growth ETF. The launch of the RP ETFs brought to five the number of ETFs – all actively managed – Grail currently offers. Grail launched the Grail American Beacon Large Cap Value ETF (GVT) in May.

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