Another new player is entering the ETF business. Radiance Asset Management has filed paperwork for a number of actively managed ETFs. According to Index Universe, the US Bancorp-backed manager aims to launch a domestic equity ETF first.

The filing submitted to the SEC indicated that the domestic equity ETF will look into putting money in preferred stocks, partnerships, joint ventures, ETFs, common stocks and convertible debt instruments.

Quasar Distributors would distribute Radiance's funds.

Radiance also plans to launch domestic and global equities ETFs, fixed income ETFs, and currencies ETFs, among others, in the future. 

Edited by: HFD


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