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

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

Rating:A $47.5B-AUM Firm's 14th ETF Arrives Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 18, 2023

A $47.5B-AUM Firm's 14th ETF Arrives

Reported by Neil Anderson, Managing Editor

The team at a $47.5-billion-AUM (as of June 30) asset manager in Illinois is rolling out their 14th ETF since entering the ETF space two years ago.

John Steve Halaby
Harbor Capital Advisors, Inc.
Executive Vice President, Head of Distribution
On Thursday, Spenser Lerner, managing director and head of multi-asset solutions at Harbor Capital Advisors, Inc. [profile], unveiled the launch of the Harbor Multi-Asset Explorer ETF (MAPP on the NYSE Arca, Inc.). The new fund is a series of the Harbor ETF Trust and, like Harbor's other ETFs, it is actively managed and, as is traditional for ETFs (though not for other mutual funds), offers daily transparency.

MAPP's inception date was last Wednesday, September 13, and it comes with an expense ratio of 87 basis points. As of Friday, the fund has $3.501 million in AUM.

Harbor serves as investment advisor to MAPP, which is powered by Harbor's in-house multi-asset solutions team. The new fund's PM team includes: Jason Alonzo, portfolio manager; Lindsey Houghton, managing director and PM; Justin Menne, PM; Jonathan Poynter, PM; Jack Schurmeier, PM; and Lerner. It is a fund-of-funds, designed primarily to invest in passive funds (though it can invest in active funds and invidiual securites, too.)

Lerner puts the launch of MAPP in the context of Harbor team's concerns that "too many investors inappropriately anchor their portfolios to arbitrary benchmarks or target static volatility profiles which result in sub optimal starting points."

"Rather than anchor to some arbitrary starting point, we anchor to the prevailing business cycle regime, which we believe is the primary driver of cross asset returns," Lerner states. "This should help drive better returns and better downside hedge vs. our multi-asset peers." 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
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