Financial advisers’ appetite for active ETFs as a cost-effective investment solution continues to grow, according to Dimensional Fund Advisors, as advice firms look to manage costs while servicing more clients.

Over $1 billion in inflows went into international equity ETFs with two funds receiving over $150 million each in February, according to Betashares.

Two fund managers have shared how they look to exploit psychological biases in their portfolio construction and the behavioural traits at work when investors flood into stocks such as Nvidia.

In the latest Meet the Manager profile, Money Management speaks with Merlon Capital portfolio manager and principal Andrew Fraser about setting up a fund manager in the wake of the GFC, portfolio construction and ESG.

Magellan has reported a funds under management increase, rising to $37.2 billion, as Sophia Rahmani prepares to join the firm in May.

Vanguard has announced its international chief executive, Tim Buckley, will retire by year-end, while chief investment officer Greg Davis has been promoted to president.