Firms that shunned ETFs are embracing a new kind of fund, which could help them stem the hundreds of billions they’re losing each year
|06/15/2019||Posted by BusinessMediaguide.Com under General World News||
- In May, the SEC gave the green light to a new kind of exchange-traded fund. Unlike traditional ETFs, the so-called “non-transparent active ETF” is managed much like a mutual fund instead of being tied to an index like the S&P 500, and the portfolio manager doesn’t have to disclose what’s in the fund daily.
- Now, asset managers are rushing to the space, with more than 30 firms getting ready for their own ETFs.
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