American Century launches first actively managed hidden-asset ETFs — here's what you need to know (via ETFEdgeCNBC)
FDG is up nearly 13% since it began trading on April 2, while FLV is up almost 12%.
"The first day, they each traded over 100,000 shares each, and spreads have been at a good level ... since they've launched," Rosenberg said, referring to the bid-ask spreads, or the differences between the prices buyers will pay and sellers will accept for given assets. "There's been investor interest as they slowly get up on platforms," Rosenberg said. "So, ... people have been buying."
That may not come as much of a surprise given the strategies behind these funds. FDG partly tracks American Century's Focused Dynamic Growth Fund, which counts widely popular stocks including
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