Actively managed ETFs haven't taken off to the same extent as some of their passively managed brethren. Murray Coleman of the Wall Street Journal reports
on several methods mutual funds firms want to use to make active ETFs more appealing to traditional PMs by tweaking ETFs' transparency.
-affiliate Navigate Fund Solutions
] is developing "exchange-traded managed funds," i.e. ETMFs. These ETMFs would still disclose holdings daily but wouldn't publicize changes until trades settle and would use "indicative NAVs" hourly inside of exact NAVs.
has asked for SEC permission to launch active iShares
] with holdings perhaps disclosed only quarterly, and Guggenheim Investments
] wants to, the WSJ
writes, "create a proxy portfolio designed to closely mimic an ETF's actual movements throughout the day even though the specific holdings could be different."
managing director Tony Baker
] CEO Noah Hamman
, former Claymore Securities president and current consultant Christian Magoon
, Strategic Insight
executive vice president Avi Nachmany
] ETF product management chief Don Suskind
all weighed in for the WSJ
Neil Anderson, Managing Editor
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