Neuberger launches Quality Select active ETF

Neuberger launched the Neuberger Quality Select ETF (NQLT), an actively managed U.S. equity ETF that targets fundamentally resilient mid- and large-cap companies. The fund carries a net expense ratio of 0.48% and follows a valuation-conscious, bottom-up selection process that excludes highly speculative or unproven growth companies.

Portfolio construction emphasizes firms with durable competitive advantages, strong cash flow generation and high returns on invested capital. Managers assemble a high-conviction portfolio using fundamental research rather than by tracking a rules-based index.

Daniel P. Hanson, CFA, leads Neuberger’s quality equity group and manages NQLT. Hanson has more than 25 years of equity management experience and is supported by an institutional investment team with over two decades in the industry. The quality equity group oversees roughly $9.0 billion across its strategies.

Neuberger launched its first active ETF in 2022 and has expanded the lineup to 14 active ETFs, reporting more than $3.8 billion in ETF assets. NQLT joins other funds focused on quality characteristics; some of those competitors use passive screens or single metrics such as free cash flow yield.

“Exceptional businesses can create exceptional long-term outcomes. We focus on companies with durable competitive advantages, strong cash flow generation, and high returns on invested capital,” Hanson said. “We aim to isolate established economic models and avoid highly speculative or unproven growth companies.” “The active ETF structure offers liquidity and transparency along with the potential benefits of active management,” Anil Abraham, head of ETF product development at Neuberger, added.

NQLT is available to investors who seek quality equity exposure intended to support portfolio stability during periods of market volatility. The launch comes as active ETFs continue to attract investor interest and flows.