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Active ETF Manager on Why He Loves Berkshire, Apple

Wedgewood's David Rolfe is new to mutual funds, but not investing.

Russel Kinnel, 02/04/2011

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David Rolfe is a seasoned investor but a new name to the mutual fund world. At St. Louis-based Wedgewood, Rolfe has helped to manage low-turnover, large-growth portfolios for 18 years. He's built a strong track record there and now runs recently launched RiverPark Wedgewood Fund in that same style. The fund is available in both open-end and exchange-traded fund formats. The ETF is named RP Focused Large Cap Growth RWG.

A low-turnover, large-growth strategy makes sense for an active ETF because there's enough liquidity for managers to finish a trade during the day before they have to post the portfolio at day's end. It does make for an interesting view of an actively managed fund, as you can see in daily portfolios here.

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