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Active ETF Launch Planned by Neuberger Berman

Add another name to the growing list of exchange traded fund (ETF) hopefuls: Neuberger Berman is planning to launch actively managed funds.

Neuberger Berman is an employee-controlled money management firm based in New York.

The company is only the latest one to express an interest in offering actively managed ETFs by filing with the Securities and Exchange Commission (SEC). Other companies that have already filed include JP Morgan, Goldman Sachs, The Hartford, Janus and Alliance Bernstein.

Read more: http://community.nasdaq.com/News/2010-11/neuberger-berman-plans-active-etf-launch.aspx?storyid=46158#ixzz167UxgDZr

November 23, 2010 by ETF.com

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