Asset manager Ruane Cunniff has launched the actively managed Sequoia ETF, according to a PR Newswire release cited by Techub News. The new fund combines the Sequoia Fund with most of Ruane Cunniff’s taxable separately managed accounts into a single portfolio. Ruane Cunniff said the ETF starts with $6.6 billion in assets under management, making it one of the largest launches ever for an actively managed ETF. The announcement centers on the structure of the new vehicle and its starting asset base, with the firm framing the debut as a notably large issuance in the active ETF segment.
Asset manager Ruane Cunniff has launched the actively managed Sequoia ETF, according to a PR Newswire release cited by Techub News.
The ETF combines the Sequoia Fund with most of Ruane Cunniff’s taxable separately managed accounts into a single portfolio. Ruane Cunniff said the fund debuts with $6.6 billion in assets under management and described it as one of the largest actively managed ETF launches to date.
The announcement was distributed through PR Newswire.
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