Oppenheimer Funds, the global asset manager, has made a move into the growing smart beta space with the announcement of an agreement to acquire VTL Associates, known for its RevenueShares range of exchange-traded funds. “Investors are looking to active managers for innovative solutions to add to their overall investment strategy, including products that are designed to deliver better-than-market returns with full transparency of their investment process,” said Art Steinmetz, Chairman, President and CEO of Oppenheimer Funds.