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Actively managed ETFs live and die by distribution breadth.
An advisor-directed flow never reaches a fund absent from an approved product list, which means platform access is an earlier-stage variable than performance in determining where assets settle.
Hedgeye Asset Management, headquartered in Stamford, Conn., announced July 16 that HECA has surpassed $300 million in assets under management and HGRO has topped $125 million at their respective one-year marks, with both ETFs now available on LPL Financial's platform.
The asset totals at year one Both ETFs launched together. HECA at $300 million is the larger of the two, with HGRO at $125 million trailing at the same age.
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