has partially lifted the moratorium on applying for certain active ETFs: those using derivatives.
The moratorium is almost three years old, reports Reuters
, the director of the regulatory agency's investment management division, said there are two conditions on considering the applications for active ETFs, according to Reuters. They are: "the funds' boards periodically review and approve their use; and the funds disclose the use of derivatives periodically consistent with SEC guidance."
, Global Trend Investments
president, was encouraged by the news.
"This will mean more choice and more options for the end investor," he said.
Stay ahead of the news ... Sign up for our email alerts now