Harbor Capital Advisors has launched the Harbor Active Small Cap ETF (Ticker: SMLL), an actively managed ETF investing in a blend of growth and value small cap companies. The fund aims to provide a cost-effective, transparent, and tax-efficient way for advisors to access the small cap blend space with an active strategy.
SMLL is managed by Glenn Gawronski, who recently left JP Morgan to start Byron Place. With over two decades of experience, Gawronski brings a disciplined, common-sense investing approach focused on mitigating portfolio risk. The ETF invests in businesses with sustainable competitive advantages, competent management teams, and attractive valuations.
Harbor believes small caps have the potential to offer attractive returns in the coming cycle. The fund has a total expense ratio of 80 basis points.