A Big Critic of ETFs Is Planning to Launch One of His Own
- Actively managed fund will hold firm’s top picks each year
- Yusko criticizes passive ETFs as having "no ability to think"
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Like many active managers, Mark Yusko of Morgan Creek Capital Management LLC has some serious gripes about the rise of exchange-traded funds and the ascendancy of passive investing.
And like many of those managers, he’s also starting his own ETF to cash in on their popularity -- but with a twist.