A small tweak in BlackRock's model portfolio turned a sleepy fund into one of the market's fastest growing active ETFs overnight.
BlackRock added the U.S. Equity Factor Rotation ETF (DYNF) to its target allocation model portfolio in mid-March.
The growth of DYNF sits at the center of two broader trends — rapid growth of model portfolios and the proliferation of active ETFs.
Model portfolios are strategies offered by asset managers to investors and financial advisors.
Meanwhile, model portfolios that want to add active management may not be able to add the best-performers in a category.
Persons:
Michael Gates, DYNF, financials, Berkshire Hathaway, Morningstar, Elisabeth Kasner, Kasner, It's
Organizations:
U.S, Equity, BlackRock's, Stock Market, Microsoft, Nvidia, Berkshire
Locations:
BlackRock, DYNF