ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Market Insights Channel
  2. Harbor Expects More Mutual Fund Conversions
Market Insights Channel
Share

Harbor Expects More Mutual Fund Conversions

Elle CarusoJan 03, 2023
2023-01-03

Harbor Capital Advisors is expected to expand its ETF lineup through mutual fund conversions in 2023, building upon the success of the Harbor Dividend Growth Leaders ETF (GDIV ).

GDIV was added to Harbor’s ETF lineup in May 2022 through the conversion of an existing mutual fund that carried a nine-year track record and nearly $150 million in assets under management.

“GDIV is being run the exact same way it was as a mutual fund but is more tax efficient,” Steve Cook, head of ETFs at Harbor, told VettaFi. “In 2022 we were able to sell out of three names without incurring any additional capital gains.”

Asset managers are increasingly looking to mutual fund to ETF conversions as a solution to offer investors the same strategy but with lower fees and a more tax-efficient vehicle.

Cook said there will be more mutual fund to ETF conversions in 2023 in the industry, and Harbor is likely to be a participant. “We plan to expand our ETF lineup leveraging our best ideas,” he added.

“Asset managers converting mutual funds with strong long-term records into ETFs is likely to persist,” Todd Rosenbluth, head of research at VettaFi, said. “It brings firms deeper into the ETF market with scale benefits and showcases their security selection abilities.”

GDIV is an active ETF sub-advised by Westfield Capital, the same portfolio management team behind the predecessor Westfield Capital Dividend Growth Fund.

GDIV offers access to companies that Harbor believes have the potential for increasing dividend payments as reinvested dividends have historically driven a significant portion of stock market returns. Through its investment process, GDIV also seeks to deliver upside market participation with limited downside risk for investors.

GDIV migrated to the NYSE from NYSE Arca on January 2, alongside the Harbor All-Weather Inflation Focus ETF (HGER ) and the Harbor Long-Term Growers ETF (WINN ).

For more news, information, and analysis, visit the Market Insights Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X