Envestnet | PMC has launched a series of ActivePassive Exchange-Traded Funds (ETFs) enabling financial advisors to access this combined strategy within cost-effective, tax-efficient, liquid, and transparent investment vehicles. These new ETFs will be featured in the ActivePassive PMC ETF Portfolios1. This launch supports Envestnet | PMC's ongoing research indicating that systematic factor-based strategies and skilled, traditional active strategies combined with passive investment vehicles may be a more efficient and cost-effective approach to returns generation.

The four ActivePassive ETFs—the ActivePassive U.S. Equity ETF (APUE), ActivePassive International Equity ETF (APIE), ActivePassive Core Bond ETF (APCB), and ActivePassive Intermediate Municipal Bond ETF (APMU)—consist of passive and factor-based exposures managed by Envestnet, and active exposures managed by third-party industry known investment managers that are carefully vetted by PMC's research team.    The ETFs are available in the ActivePassive PMC ETF Portfolios, Envestnet | PMC's ActivePassive multi-asset model portfolios, and have been offered to implement the views of the models' portfolio managers in a tax-efficient way with no additional management fee. Greg Classen, CFA, Principal Director of Portfolio Management at Envestnet | PMC, and Tim Murphy, Director of Portfolio Management at PMC, have led the management of the ActivePassive PMC Portfolios since 2014, producing attractive results relative to benchmarks and peers.