Neuberger Berman Launches Actively Managed ETF Targeting Quality Equities — Neuberger Berman Group LLC

Event summary

Neuberger Berman launched the Neuberger Quality Select ETF (NQLT) on July 13, 2026, an actively managed fund focused on mid- and large-cap quality companies.
The ETF is managed by Daniel P. Hanson, CFA, who oversees $9.0 billion in assets across Neuberger's Quality Equity Group.
NQLT has a net expense ratio of 0.48%, with the firm waiving fees to keep costs low until August 31, 2027.
Neuberger has grown its ETF platform to 14 funds and $3.8 billion in AUM since launching its first actively managed ETF in 2022.

The big picture

Neuberger Berman's launch of the Neuberger Quality Select ETF reflects the growing demand for actively managed, high-conviction equity strategies in a market characterized by narrow leadership and rapid technological change. The firm's expansion into ETFs aligns with broader industry trends favoring liquidity, transparency, and active management, positioning it to compete with established players in the space.

What we're watching

Competitive Positioning: Whether Neuberger can differentiate NQLT in a crowded actively managed ETF market by emphasizing its high-conviction, quality-focused approach.
Asset Growth: The pace at which NQLT attracts assets, given the firm's track record of growing its ETF platform since 2022.
Performance Metrics: How NQLT's focus on durable competitive advantages and strong cash flow generation translates into long-term returns for investors.