Globe and Mail – Harry Dent, a U.S. economist and author known in some circles as the “sage of doom and gloom,” is backing this week’s launch of Dent Tactical ETF – a rare breed among exchange-traded funds.

Dent Tactical is an actively managed ETF in that it doesn’t track an index. It invests in sector, industry or country ETFs where Mr. Dent sees opportunities based on demographic and other trends.

While this fund is among a handful of non-index ETFs in North America, it’s part of a growing niche that is expected to rival traditional mutual funds, observers say.

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economist, etfs, exchange traded funds, traditional mutual funds