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Envestnet files to launch its first four ETFs and invents a category -- an active-and-passive approach it tried first with mutual funds

The Chicago outsourcer is hopping on half a channel lane to sell house-brand ETFs that may make nifty 'sleeves' for model portfolios.

Author Brooke Southall
November 30, 2021 at 2:21 AM
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Dana D'Auria: 'Every basis point counts.'

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Envestnet Inc
Top Executive: Jud Bergman

Brian Patrick Murphy

Brian Patrick Murphy

November 30, 2021 — 7:13 AM
Questions one would want answered for such a product are: a) what % of the ETF is active vs. passive, b) what are the passive elements benchmarked against (and probably the entire fund), c) what's the expense ratio. From that one could determine whether it's worthwhile to pay for the bundle, or break those pieces apart and have them offered separately. So, if the Equity fund is vs. Russell 3000 and 90% passive at 0.60% expense ratio one could proxy that with 90% Vanguard Index fund (0.05% or less fee) and the effective cost of the 10% active component balloons up to an effective cost of 5.5% annually!
Brooke Southall

Brooke Southall

November 30, 2021 — 7:26 AM
Good questions and I added a couple of lines that help answer them above the sub-head "Expanding Arena"

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