More Seasoned Asset Managers Pivot to ETFs as Institutional Opportunities Thin Out
A little over a year ago, the $18.5 billion Westwood Holdings Group entered the exchange-traded-funds business for the first time, with the launch of two active, energy-focused funds. Since then, the Dallas-based asset and wealth manager has expanded its lineup to 16 actively managed ETFs, now totaling nearly $200 million in assets.Westwood CEO Brian Casey told Institutional Investor that, as opportunities in the institutional space narrow, active ETFs offer a better growth path than traditional mandates.
A little over a year ago, the $18.5 billion Westwood Holdings Group entered the exchange-traded-funds business for the first time, with the launch of two active, energy-focused funds. Since then, the Dallas-based asset and wealth manager has expanded its lineup to 16 actively managed ETFs, now totaling nearly $200 million in assets.Westwood CEO Brian Casey told Institutional Investor that, as opportunities in the institutional space narrow, active ETFs offer a better growth path than traditional mandates.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
