Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Perhaps the Blueprint For Non-Transparent ETFs is Already in Use Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 10, 2013

Perhaps the Blueprint For Non-Transparent ETFs is Already in Use

News summary by MFWire's editors

Fundsters and ETF market makers who are trying to figure out how to make non-transparent ETFs work may be able to turn to a group of existing ETFs for inspiration.

Brendan Conway of Barron's highlights remarks on the subject from Cantor Fitzgerald's Reggie Browne, a prominent ETF market maker. Speaking yesterday at the IMN Global Indexing & ETFs conference in Scottsdale, Arizona, Browne reportedly compared the problems of such non-transparent ETFs (a necessity, perhaps, for many active PMs to be interested in offering their strategies in ETF form) to those of foreign-stock ETFs.

Often foreign-stock ETFs have underlying components not traded during the U.S. market day, so market makers already have to figure out how to create shares of those ETFs without current information. Planned non-transparent active ETFs, Browne argued, would present market makers with a similar problem (though PMs are expected to wait three days to reveal their moves, longer than waiting for a foreign market to simply reopen for its next trading day). 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use