The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Active, Transparent ETFs Are Right Up This Equity Boutique's Alley Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 28, 2016

Active, Transparent ETFs Are Right Up This Equity Boutique's Alley

Reported by Neil Anderson, Managing Editor

The Davis Advisors [profile] team is preparing to charge into the active ETF business, and they're embracing the transparency that so many other active advisors are wrestling with.

Dodd Kittsley
Davis Advisors
Director of ETF Strategy
"We see the ETF part of the business as really just a natural evolution in delivering our strategy," Dodd Kittsley, director of ETF strategy at Davis, tells MFWire. "This is a firm that is very committed to the ETF business. This isn't just a toe-dipping exercise."

Kittlsey, an industry veteran who has held key posts at several of the biggest ETF players, joined Davis earlier this year after holding a similar position at Deutsche. The equities-focused investment boutique is prepping three active ETFs for launch (the Davis Select U.S. Equity Fund, the Davis Select Financial Fund and the Davis Select Worldwide), and they might do more further down the line.

"This is all we have planned right now ... One would expect that there could be more ETFs," Kittsley states. "I wouldn't expect a massive suite of hundreds of products. It's a boutique AM and we're very, very focused."

47-year-old Davis now has about 200 people, more than $25 billion in AUM, and a very focused, long-term, low-turnover approach to investing. And traditional active ETFs, transparency and all, fit that approach well, Kittsley says.

"We really believe that our investment discipline is well-suited to daily transparency," Kittsley says. "We fully embrace that."

Different product structures, Kittsley says, give investors more flexibility.

"For us this is really about client demand," Kittsley says. "We are thrilled to be able to offer choice to investors. Freedom of choice is very important to us."

State Street, Davis' mutual fund custodian, will also serve as custodian for Davis' ETFs, and Foreside will handle distribution. And Davis did not go with a white-label ETF provider.

"This is something that has been very much developed and worked on in-house," Kittsley say.

Each of the ETFs draws on existing areas of expertise where Davis offers existing mutual funds. Yet the ETFs' "weightings will be different," Kittsley confirms. The ETFs will also "not include private placements."

"We will screen out some of the less liquid securities as well," Kittsley says. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use