Grail Advisors LLC, a San Francisco investment manager, launched two actively managed exchange-traded funds.
The Grail American Beacon Large Cap Value ETF and the Grail American Beacon International Equity ETF, which were introduced last week, are subadvised by American Beacon Advisors Inc., a Fort Worth investment manger that had $37 billion of equity and fixed-income assets under management as of Sept. 30.
Grail Advisors said it plans to launch more actively managed exchange-traded funds.