Gone are the days of race-to-the-bottom pricing for exchange-traded funds (ETFs). While many investors will still be drawn to the lowest-cost funds to diversify their exposure, many actively managed funds with higher expense ratios have been on the rise in recent months. Investors seem to be seeking out ETFs with a human touch—funds that have managers who can respond in real time to changing market conditions and opportunities, rather than those that are periodically rebalanced to match an underlying index.
With inflows for actively managed funds skyrocketing, the number of new funds available is also on the rise. Below are three active funds, all launched in the last several years but not among the crop of ultra-new, untested ETFs, that may be worth a closer look for investors willing to spend a bit more in fees for more hands-on oversight by fund managers.
