Neuberger (NYSE Arca: NQLT) launched the Neuberger Quality Select ETF, an actively managed fund focusing on high-conviction positions in quality mid- and large-cap companies. The ETF is managed by Daniel P. Hanson, CFA, Head of Neuberger's Quality Equity Group, and has a net expense ratio of 0.48%.
The Quality Equity Group oversees more than $9.0 billion in assets, including the approximately $4.8 billion Neuberger Quality Equity Fund. With NQLT, Neuberger expands its actively managed ETF lineup to 14 funds and over $3.8 billion in ETF assets across equity, fixed income, real assets, and liquid alternatives.
Neuberger Berman announced the appointment of Daniel Hanson as Head of the U.S. Sustainable Equity team, effective April 1, 2022. With over 25 years of ESG investment experience, Hanson succeeds retiring Co-Portfolio Managers Ingrid S. Dyott and Sajjad Ladiwala. The U.S. Sustainable Equity team manages $5.5 billion in assets, leveraging a dedicated group with an average of 17 years of experience. Joseph Amato, President of Equities, praised Hanson for his leadership in sustainable investing. Additionally, Dyott will join the ESG Advisory Council at the start of 2023.