Raymond James Expands ETF Range with ClariVest Fund Conversion

Raymond James Investment Management has completed the conversion of the Carillon ClariVest Capital Appreciation Mutual Fund into the RJ ClariVest Capital Appreciation ETF (NYSE: RJCA), expanding its active ETF lineup to four products. Managed by ClariVest Asset Management, the ETF follows the same large-cap growth strategy, investing in companies with strong long-term earnings and cash-flow potential that appear undervalued relative to their growth prospects. The launch reflects Raymond James’ continued push into the active ETF market, building on three ETFs introduced in 2025 and providing investors with access to a long-established ClariVest strategy through the ETF structure.