An ETF that is claimed to be the first to use outsourced investment managers has been launched by ClearShares in the US. The ClearShares OCIO ETF is a fund-of-funds that will build a portfolio of passive and actively managed ETFs. In an interview with Bloomberg, ClearShares’ CEO David Einhorn said he was “very excited about this new product” which would allow investors to invest directly into their own funds.
An ETF that is claimed to be the first to use outsourced investment managers has been launched by ClearShares in the US. The ClearShares OCIO ETF is a fund-of-funds that will build a portfolio of passive and actively managed ETFs. It will seek to outperform a 60/40 mix of global equity and fixed-income investments.