Flows, launches and mutual fund conversions have fueled growth of actively-managed ETFs, and one driver could be investors hunting for non-correlated investments.
Advisors on the Envestnet platform use allocation models, company executives say. Building ETFs that combine passive investments with active management for those models is the next logical step.
The $36 billion Vanguard Short-Term Corporate Bond ETF (VCSH) has bled nearly $5.5 billion this year, the most year-to-date since its inception in 2009.