Daily ETF Watch: Active Bond Funds Filed
Two more actively managed funds targeting bonds are in registration.
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ETF Managers Group has filed for a pair of actively managed ETFs that will be subadvised by Vanderbilt Avenue Asset Management. The QuantumShares Ultra-Short Treasury/Government ETF (KASH) and the QuantumShares Limited-Duration U.S. Government/Corporate ETF (KEEP) will invest in different areas of the bond markets.
KASH will primarily target securities issued by the U.S. government that have no more than 397 days left to maturity. The fund’s scope will include everything from Treasury bills to U.S. government agency mortgage- and asset-backed securities, the prospectus noted.
KEEP will include U.S. government securities and investment-grade corporate debt in its portfolio with the goal of generating current income and preserving capital, the prospectus said. The ETF will target a duration of up to three years.
The filing did not include tickers or expense ratios, but it did say the funds would list on the Nasdaq stock exchange.
Contact Heather Bell at [email protected].
