The world’s largest publicly listed hedge fund is breaking ranks with tradition — and stepping into the ETF arena under its own name.
On Thursday, Man Group Plc is launching two actively-managed bond ETFs — the Man Active High Yield ETF (ticker MHY) and the Man Active Income ETF (MANI). Hedge funds have dipped their toes into ETFs via so-called sub-advisory deals but Man is going full tilt. In a first for the firm, Man will be sole adviser and operator, housing the funds in its own trust. That allows for full control over distribution, branding and portfolio construction.