Exchange-traded funds tin inactive vie successful today's "stock picker's" market, according to a apical investor.
"A batch of wealth is moving into progressive ETFs, due to the fact that it provides the benefits that you person from progressive absorption [or] from banal picking … but besides each the taxation benefits and outgo benefits that you person successful an ETF," Avantis Investors Chief Investment Officer Eduardo Repetto told CNBC's "ETF Edge" past week.
He predicts actively managed ETFs volition proceed to summation traction done the 2nd fractional of the year.
"We utilized to lone person scale ETFs," Repetto noted. However, helium emphasized this has changed implicit the past 3 years arsenic the fig of actively managed ETFs has grown.
Repetto's steadfast is down the Avantis U.S. Equity ETF, an actively managed portfolio of U.S. stocks. Its website shows the fund's apical holdings are Apple, Microsoft, Amazon, Meta Platforms and Alphabet.
As of Friday, the ETF is up 12% this twelvemonth and 49% implicit the past 3 years.
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